Wowio Inc. (WWIO)

[tutankhamuns]

Anish’s Pattern of Lies & Deception

We will be announcing full details of the public company acquisition next week and we will consolidate its results with MLHC. This is not a spin-off but part of our growth

Anish mentioned this in a PR on February 19, 2019. The new entity, SQCC, has been confirmed as a scam. See the comprehensive analysis below.
https://investorshub.advfn.com/boards/m_read_msg.aspx?message_id=147592436

The Company plans to have non-dilutive construction finance of over $17 million dollars secured to cover the development costs of the resort and hotel within the next 30 days.
https://www.globenewswire.com/news-release/2018/12/06/1663216/0/en/WOWIO-INC-Signs-Letter-of-Intent-to-Acquire-55-of-Presidential-Mountain-Resort-LLC.html

Within 30 days of this PR would have been on or before January 6, 2019. It’s been over 2 months since this announcement and no additional updates have been mentioned...

The management team is also focusing on its house building projects in California. The terms for WWIO to acquire a majority interest of this fabulous project are being finalized to be announced in the coming days.
https://www.globenewswire.com/news-release/2018/11/30/1660236/0/en/WOWIO-INC-Prepares-for-Major-Acquisition.html

Days have turned into months. Nothing has been finalized.

Costa Mesa, CA, Jan. 25, 2018 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “Wowio, WWIO or The Company” has entered into a Letter of Intent to acquire 100% of Lodgenuity, Inc.
https://www.cnbc.com/2018/01/25/globe-newswire-wowio-inc-acquires-lodgenuity-inc.html

Well over a year has passed. No closure.

Henderson, NV, Nov. 09, 2017 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has entered into an agreement for its wholly owned subsidiary to purchase 100% of the issued share capital in BLRR Corp., subject to current debt. BLRR Corp. owns the membership units of Pyjke Company One, LLC., the owner of an 11.2 acre real estate site in Huron, Northern California. Phase I will result in the development of 30 low cost homes that are desperately needed in the Huron area. Phase 2 will result in another 20 homes. The cost of the development, outstanding real estate loans and repayment of a grant for infrastructure provided by the California Department of Housing and Community Development will be paid back as the homes are sold. The first thirty homes will sell for between $220,000 to $240,000 following USDA appraisal guidelines for that area and our developer believes that EBITDA will be between 15 and 20% of the sale price. Our goal is to commence building in the second quarter of 2018.
https://www.globenewswire.com/news-release/2017/11/09/1178430/0/en/WOWIO-INC-Acquires-Land-to-be-developed-into-low-cost-housing-in-Northern-California.html

Failed.

Beverley Hills, CA, Dec. 12, 2017 (GLOBE NEWSWIRE) -- Wowio, Inc. (OTC Pink: WWIO) “WWIO or The Company” has entered into a binding Letter of Intent to purchase Pact Enterprises, Inc. and Pact Holdings AZ, LLC. for $550,000 net of mortgages on the real estate and debt. WWIO is purchasing the land and buildings and the restaurant business located in the building. There are currently mortgages of $625,000 on the property and other liabilities of approximately $45,000 which WWIO will assume. The purchase price is being paid as follows: $100,000 paid over thirty-six months commencing June 2018 and Convertible Preferred Stock that will convert to 1,225,757,747 common shares in WWIO. The land, building and restaurant has a value of approximately $1,100,000. WWIO is paying a small premium to acquire this prior to the spring and summer busy season which begins in March 2018. The Sellers will hold a UCC filing over the stock and member units of both companies until the cash portion is fully paid.
https://www.globenewswire.com/news-release/2017/12/12/1252972/0/en/WOWIO-INC-Acquires-Little-Italy-Restaurant-in-Williams-Arizona-AND-Purchases-the-Real-Estate.html

Failed again.

Other notable failures to follow through:

Still no JV with Rise Therapeutics.
Dilution continues despite the suspension of note conversions.
No CBD beverages.

$WWIO