Replies to post #976 on Olie Inc. (fka OLIE)

[Deleted123]

Eliminating debt by selling shares lol

[Rainer]

Great! Thanks for the update.

[ANTI-BAGHOLDER]

Here comes the massive dilution

[elkonig]

You have been sold a bill of goods! What a lot of bull. The 10K is supposed to be issued by Dec.31st anyways for the end of September.
These people aren't stupid. All the action here has taken place in their first quarter(Oct./Nov./Dec.) so financials aren't due until mid February at the latest.

[4starman]

To fiancerino, Liquid 1974

"Just got off the phone with the CEO of OLIE!" - Really?
" Read the filings it's very clear" - ok just did.

My findings:

1. No website, no contact information, no staffing - "We have commenced only limited operations; therefore, we have no employees and do not anticipate having any employees during the first twelve months of operations. Our officers and Directors provide service to us on an as-needed basis, and we will be relying heavily on our Secretary and Director, Mr. Freed. When we commence full operations, we will need to hire full-time management and administrative support staff

2. Dilution " In July 2013, the Company changed the par value of its common stock from $.0001 to $.00001 and increased the number of common shares authorized from 200,000,000 to 3,000,000,000."

3 Reverse split - "On December 19, 2012 FINRA declared effective a Forty-for-One (40-for-1) forward split of our shares."

4. No revenue- "We have not shown any revenues or profits since our inception date."

5. No net income - " The Company sustained a loss of $310,221 and $401,352 for the three and nine months ended June 30, 2013. "


5. No customer service - "We believe that a good deal of our business will be post-production engineering. Post production will not require face to face meeting with the customers, but rather that the client, will provide us via “Dropbox” (or other such service) with their initial digitized recording(s) and we will handle the post production work remotely"

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8946635
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9085287

fiancerino - Maybe you reached him through LRDR as he is also CEO of this wonderful company.

http://finance.yahoo.com/q/pr?s=LRDR

Just some facts to mix in with all the hype. Maybe it will follow NTEK, maybe not. More likely not as there is no product, no service being offered since 2010.

"We were incorporated on December 10, 2010. We currently have no agreements to produce or distribute music rights, nor any customers or revenues." "We are a development stage company that was incorporated on December 10, 2010. We have commenced only limited operations, primarily focused on researching potential suppliers of music production equipment for our intended business and the initial market for these services."

[DJPennyTrader]

damn... looks like I was right... :)

[Castratrix]

Ur post needs reposting :)


"Just got off the phone with the CEO of OLIE!

He shared some important points with me :

1)out of the 3billion AS - 2billion is restricted and the CEO owns! This makes the float pretty small for a trip play.

2)he is focusing on the balance sheet and eliminating debt. A 10k will be filed soon to show an increase in assets and reduction in debt.


Buckle your seatbelts! $OLIE will be increasing in PPS very soon!"