Replies to post #20834 on Affluence Corporation (AFFU)

[pinkslipjunkie]

I think I know which ticker you are talking about...also an educational post on what I call "debt conversion recycling",

I won’t mention the most recent ticker (yet) but Oscar Brito was quite involved as a 🙄lender.
All convertible debt was exchanged into a new Series of Preferred Stock.
The lenders agreed to:
Forgo default and accrued interest,
Lower conversion discounts (from 45% down to 15%), and
Accept a lock-out period (i.e., no conversion or sale for a set number of months).
This was publicly framed as a cleanup of toxic debt and a “balance sheet restructuring.” During that “quiet” period which btw no news or filings came out. Damn near all the investing public expected releases of news & a run up of sorts before future conversions as any would expect. When the preferred shares converted back into commons, the outcome is/was the giveaway as Brito and other former debt holders emerged holding the same effective number of shares that their original convertible debt would have entitled them to, it was just re-timed and cleaned up. (btw millions had already been taken out of the market prior too, more than covering their initial loans/investments. Let me explain what that swap hype actually means:
The “debt-for-preferred” swap didn’t truly eliminate dilution; it just repackaged it. The lockout acted as a holding pattern. Once conversion restrictions lifted, the same ownership result materialized only now labeled as equity restructuring instead of debt conversion. From a forensic accountant view, this looks like a regulatory optics maneuver, not an economic reset..

I still said that his verified history should allow Oscar to be an asset to shareholders in renegotiating the toxic debt here. To date, sadly he has be3n a colossal failure. The associated facts seem to back up said opinion, to date 😉

[pinkslipjunkie]

Yes...I was...and still am...hoping for an iQSTEL performance from Oscar Brito as to being the AFFU President...perhaps great hidden agendas will be revealed on him doing so in the near future....I have seen it before as to where a fellow such as Oscar Brito will be a hero on one stock and a complete flop on another.

I still said that his verified history should allow Oscar to be an asset to shareholders in renegotiating the toxic debt here. To date, sadly he has be3n a colossal failure. The associated facts seem to back up said opinion, to date 😉

[Jimbo Jumkins]

What are you thoughts on this RitchieBoy?

[RichieBoy]

You haven't given the most recent ticker at all.

I won’t mention the most recent ticker (yet) but Oscar Brito was quite involved as a 🙄lender.

That's BASHING. I'm tired of your arrogant facetious misrepresentation.

. All convertible debt was exchanged into a new Series of Preferred Stock.

Where's the proof in that show us your link please.

The lenders agreed to:
Forgo default and accrued interest,

Where did you get that from and don't even bother passing it off as knowledge. Every bucket of mud you've been slinging is flippant speculation at best.

From a forensic accountant view, this looks like a regulatory optics maneuver, not an economic reset..

Are you in fact a Forensic Accountant or stating an opinon masquerading as a WANNA BE Forensic Accountant. The reason I pointedly ask is because you haven't backed up a single thing you've postulated. You've just spouted off a lengthy character assassination with nothing to back it up but numbers. Sorry bud you're going to have to do better than that you're just bashing. Mind telling me why you're just bashing if you hold stock here?