I just have a hard time understanding why Grant Kirkwood would have come into the deal... allowed them to publish that they were going to acquire his company and not know that they were going to have to get the financing in order to pay him. He got stuck with an NDA and could not speak about his business for 5 months... and they never could come up with the financing. I think what happened is that from 2013 when Patrick started his Durham Black company, which really never took off and his past accomplishments no longer impressed financial investors. His success from the early 2000.s no longer had the impact with what he had hope would be the people lining up to purchase shares from the Form D It is easy to see it did not, because since the June 6 filing date of the Form D zero money has been raised. Look at Line 13 https://www.sec.gov/Archives/edgar/data/1460950/000146095024000004/xslFormDX01/primary_doc.xml.
Lets look at the numbers...The merger closing agreement states there needed to be $12,000,000 in assets by mid August . The money offered in the Form D is $22,000,000. That capital raise was how Patrick intended to get the assets worth $12,000.000. It states in the Form D that the money was to be used for the cost of the merger, assets and company expenses. According to the LOI Pr the 3 company's coming in had an estimate value of $5,000,000 (an asset) and since Contrivian is private we can not see their revenue, but based on awards, posts concerning contracts and their list of clients on their web site, Contivian was worth at least $5,000,000 ( an asset) The LOI and Contrivian add up to $10,000,000 in assets. So that means they were still $2,000,000 short...
Ahh but with the merger comes OneMIndNG and we all know that OneMindNG is easily worth well over $2,000,000 (another asset)... there you have it, assets worth $12,000,000. So the Closing Conditions of the merger agreement would have been met. The mistake made here was James and his board of directors, like we all did, figured based on Patricks early success in the early 2000"s would be able to raise the money with no problem. Hell I have no doubt that Patrick thought the same way. So the merger was announced completed on May 5 and the closing agreement was added in as a safety net for James, he was not going to just give OneMind away and have Patrick never succeed. He protected his biggest asset, OneMind with the $12,000,000 agreement added to the deal As August 15 got closer and the Form D had not resulted in an shares being bought Patrick asked for an extension and James said ok.
Fast forward to September 3 and Patrick realized that there was no way he was going to raise the money and the deal was canceled. All of the web sites joining the two company's were dismantled and everything is now back to where is was before the December announcement of Durham Black joining forces with Affluence as an Advisor and Consulting partner. We have sole possession of OneMindNG and Durham Black has what they had prior to the merger, an Advisor and Consulting company who's web site does not even list who their management currently is, its a very generic web page.
We have all wasted 8 months of our time and money, money that has just sat and did nothing, except shrink in value, and there is nothing we can do about it. So hopefully James understands this and gives us a reason to think there is going to be a bright future here... and that its not going to take another fucking 8 months waiting on new Acquisitions and LOI's to happen before we see the value for shareholders Durham Blacks current web site. https://durham-black.com/our-services
Market Data 
Markets 
AI
