Affluence Corporation (AFFU)

[powerbattles]

You, Maxinvestor, and GolfnutBoston are not giving the reader here accurate information.

The story: In 2006 Hicks and Southridge Capital and Southridge Advisors LLC, defrauded investors by promising that 75% of their funds would be invested in liquid securities, but instead, they invested in illiquid assets, making it impossible to fulfill redemption requests. They also significantly inflated the value of their largest investment, allowing them to collect excessive management fees?.

In 2010, the SEC filed charges against Stephen Hicks and his firms. In 2018, the SEC obtained final judgments against Stephen Hicks and his firms and ordered them to pay nearly $13 million in penalties and disgorgement. In addition to the financial penalties, Hicks was permanently lifelong ban from committing similar violations within the securities industry to ensure he cannot continue the same type of fraudulent activity in the future.

Stop reading those bogus b/s on the net. The true story is on the SEC website.
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-21709
https://www.sec.gov/enforcement-litigation/litigation-releases/lr-24049
https://www.sec.gov/files/litigation/admin/2018/34-82767.pdf

Folks, this happened over eight years ago, and no records show that Southridge continues those practices. The SEC's judgment included restrictions to prevent further violations, making it hard for Hicks and his firms to repeat those tactics.

Now, let’s get to the root of the issue.

Based on the details from the Schedule 13G filing, Stephen M. Hicks does not directly own any shares of the Issuer’s common stock. However, he may be deemed to have indirect beneficial ownership due to his role as the manager of Maple Leaf Capital Management LLC, which acts as the general partner of Trillium Partners LP.

Schedule 13G
Trillium Partners LP, where Maple Leaf has control, holds
24,535,149 shares of the Issuer’s common stock,
A convertible note valued at $689,486 (convertible into common stock), and
Warrants to purchase 25,000,000 shares of the Issuer's common stock
These holdings are subject to a 9.99% ownership limit, meaning that Trillium, and therefore Hicks and Maple Leaf, cannot convert the note or exercise the warrants in a way that would result in more than 9.99% beneficial ownership of the Issuer’s common stock at any given time.

To Clarify: NO DILUTION! Shares issued in this context are NOT OFFERINGS. It's part of a private offering and, as such, would typically be classified as restricted securities under SEC Rule 144. This means they generally require a minimum holding period of six months for companies subject to SEC reporting requirements (and a one-year period for non-reporting companies) before they can be publicly sold. Furthermore, the 9.99% ownership cap indicates control measures commonly used with restricted placed securities to avoid market disruption.

Please remember that TRILLIUM PARTNERS LP, MAPLE LEAF CAPITAL MANAGEMENT LLC, is an investment management firm. They are not engaging in toxic lending known as "death-spiral" financing. There are NO public records indicating this behavior.

Labeling Hicks or his firm as "toxic lenders" is misleading. Terms like "toxic funders" or "death-spiral lenders" typically refer to firms like Asher Enterprises, Magna Equities (now MEF I, LP), and LG Capital Funding, known for high-risk, dilutive financing.

Nick has been in the industry for years and made a mistake nearly a decade ago, for which he paid the price. He’s not a criminal; he took funds and misallocated them, and the SEC fined him for that. Live move on. As a hedge fund manager, Hicks still has the expertise to structure deals and raise capital for M&A activities. He’s still can attract significant investments from high-net-worth individuals and institutions. He normally focuses on large-scale deals, not small ones. Think outside of the BOX and make sure you comprehend the Schedule 13G. Don't allow people to use that to manipulate your mind.

Read BigBadWolf post below; he has a great point of view.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175352869