Home > Boards > US OTC > Food - Beverages > Active Health Foods, Inc. (AHFD)
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Alias Born 04/20/2022

Thursday, May 19, 2022 10:58:59 AM

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IMO OTC Markets tier change from Pink Current to Pink Limited is a direct result of AHFD now 39 days deficient in filing 8-K on EDGAR, Changes in Control of Registrant. Trigger event occurred March 28, 2022 with 4 business days, April 4, 2022 to submit required 8-K. Vague press release was put out 9 days after trigger event. The handling of the (unofficial) change in ownership is sloppy, amateurish and downright disrespectful to AHFD shareholders raising serious questions going back to Greg Manos decision to sell AHFD to Glen Bonilla with zero executive officer experience with publicly traded company, that Greg Manos himself was not adhering to fiduciary responsibility to company and shareholders which was followed by three alarming business decisions by Glen Bonilla, that has resulted in today's pps of AHFD that which is 50% lower than before Bonilla acquisition of AHFD. Furthermore, is not final in that Greg Manos still holds 60K convertible note (300M shares at c.m.v of 150K if converted) as 100K cash payment has not been paid to Greg Manos. The kicker, at least for this long-term shareholder is the awful sour after taste of learning through a release, NOT from Glen Bonilla, from some unknown individual that has drastically changed the direction of AHFD negatively, Cosmetics that continues to hold down current pps amid low volume. Makes one wonder things like was Bonilla just a front or middle man in between Wallace and Manos. What about the purchase of Bonillas’ Coinchamp to AHFD for 87.7 common AHFD(c.m.v just shy of 50K) and then there is the executive compensation thing for approximately 6 months at this point. 150M Common AHFD (restricted with c.m.v. 75K). What about the March 28 agreement for $100,000, cash? convertible note? common shares? It is obvious Joe Wallace does not have any real experience either as executive officer of publicly traded company. It was the same when AHFD went public (before my position) that Greg Manos found out he was not qualified to be executive officer for public traded company that resulted in the bringing in of E. Robert Gates and his fellow associate from Tennessee George David George and to some extent John Griffin. At this point in time Manos was paid 15k in cash and holds convertible note for total value of 165K. Bonilla netted a payout of 7.5K in cash and has between unrestricted and restricted common value of 122.5K. Wallace has unofficially purchased AHFD and is out 7.5K in cash. And us the SHAREHOLDER, staring at lack of transparency, dilution possibilities, and a pps of AHFD down 50%. What do you think? Could this be considered securities fraud? At the very least a complete disregard for fiduciary responsibility of AHFD.
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