Replies to post #14948 on Affluence Corp (AFFU)

[oldstocks]

Ok it was explained to me as i ask someone with greater knowledge than i before i did the last post.
The person said:
My understanding is that we got Mingothings International which is the parent company to the MTi subsidiaries... it would be as if someone bought Affluence Corporation they would then be getting OneMindNG... When I read the Colorado Sec. of State filing it stated in that filing that Affluence acquired ALL of Mingothings equity in exchange for Prefered Shares in Affluence that would then give MTi 51% ownership of Affluence or total control If Affluence got all of the equity in MTi then that means they got everything MTi owns, all of its subsidiaries.

When you think about it, MTi did the deal a reverse merger really, for the ability to become a public company.. so they would naturally make sure their subsidiaries were part of it. So yes I believe we own all of it, lock, stock and barrel

This is what AI said to the question too.

Affluence acquired MTI's outstanding equity. This implies that Affluence acquired ownership and control of Mingothings' assets and operations. The acquisition involves exchanging Mingothings' equity for shares of preferred stock in Affluence Corporation. This exchange of equity means that the former Mingothings shareholders now have a stake in Affluence, giving them some level of voting control.
Specifically, the acquisition was aimed at integrating MTI with Affluence's existing subsidiary, OneMind Technologies (OMT). This integration is expected to enhance the OneMindNG platform by adding IoT connectivity and data analytics capabilities. Mingothings' platforms and services, including thethings.iO and Digital Twin, will remain at the heart of their mission within the Affluence group.
Therefore, it can be concluded that Affluence Corporation acquired all the assets and operations of Mingothings SLU, including its technology, platforms, and potentially its established client base. The articles do not explicitly state what specific assets were acquired, but it is clear that the acquisition included Mingothings' technology and platforms, which are considered valuable assets in the context of IoT and smart city solutions. The integration of these assets is expected to lead to significant growth and revenue synergies for Affluence Corporation.

[RichieBoy]

We're done, oh wait we're not done.
Even AI can't seem to make up it's mind. That tells me AFFU's right foot is still yet to hit the ground.

What filing is pending for notarization under Spanish law this month.

The pending filing for notarization under Spanish law this month is the execution of a notarial deed (escritura pública) before a Spanish notary. This step is required to formalize certain agreements or transactions, such as mergers or acquisitions, and is considered the final legal act to make the agreement officially binding and registrable in Spain. Once signed, the notary will transmit the deed to the relevant authorities, completing the process.

What is a notarial deed please?

A notarial deed (also called a public deed or escritura pública in Spain) is a formal, legally binding document authorized by a notary public. It records and certifies a contract or legal act—such as the sale of property, company formation, or other significant transactions—ensuring the identities of all parties, the validity of the agreement, and compliance with Spanish law. Once signed in the presence of the notary, it provides legal certainty, can be registered with relevant authorities, and serves as strong evidence in case of disputes.