HeadsUp Entertainment International Inc (HDUP)

[grantastic]

HDUP has 5-figure "consulting" expenses every year: $27,413 in 2023, $78,015 in 2023 was paid to directors. I assumed it was going primarily to Mark Hutchinson, but you are correct in pointing out that I don't know how that money is divided between the 3 directors.

Whatever Mark Hutchinson is receiving in compensation, the only 'work' he's doing to benefit HDUP is sending private messages to people asking them to "keep the faith." Meanwhile, Every. Single. One. of the money-making schemes previously touted by HDUP went radio-dark over a year ago.... right after the last major promotional pump finished.

Spinola was initially lent $720,000 in 2021. (not $750k). The Arnold & Lynne Kellner debt has been owed (and growing) since Feb 7, 2006. 2006 is nowhere close to "around that time". You may be thinking of the $782,080 loan recorded to CEO Douglas Wilson in 2021.

Spinola being sent $2m is by definition "a benefit". Because it's a private offshore corporation, it's obviously impractical to trace what the owners of that corporation did with the money. The bogus Spinola acquisition was promised to complete in November 2021. Now it is overdue by 2.5 years, and the only "progress" was to ship it more money in 2022. HDUP executives haven't bothered to recognize or account for any interest on the Spinola "loan". That tells me they actually know it's not a bona-fide loan.

Nearly all of this is documented in the annual filings & on the public websites/profiles of the "acquired" companies.

At some point, when all these "Made by Wix" websites haven't updated in enough years, even you will realize the "acquisitions" and "partnerships" were just a facade.

I skimmed through previous financial filings and can't find that Hutch received any CASH, he did receive 5,000,000 shares in lieu of salaries and expenses. And he still owns all but 250k of those shares.

Those 250k shares were transferred to a James Mueller for a value of $250.00. (that info is documented at the bottom of page 5 of the latest filing).

Please show where Hutch received "5-figure consulting fees" for replying to linkedIn messages".

And regarding Spinola, some time ago they showed up as having received a loan from the company of $750k. Around this same time I noticed that Lynne and Arnold Kellner had loaned the company $750k, it was in the filings from that time period. Since then there have been apparently additional loans to Spinola, but they were never shown as "gifts" so Spinola still owes that.

You have any proof that they someone benefitted by $2mil from the company?

When you make allegations it would be nice if you'd back it up with facts. Thanks.