RichieBoy
10時間前
Only stating the patently obvious here...
When AFFU's dilution stops, the share price contraction stops. Just that simple. I get a strong sense the company is intentionally stalling for that reason. Mike Balkin and AFFU's other board member(s?) don't want to waste material event company news until the bleeding stops. That could be a couple of months still, if they see necessary. Perhaps AFFU's competition are creating this short situation while AFFU is still down wallowing on the canvas.
AFFU is already sitting on one PR for absolute certain. Management have already decided and know full well. How much retail holders will receive for there participation in this acquisition (if any). At this point I'm not leaning in either direction. Way to quiet to predict anything here with any genuine conviction.
Imprudent to bet on any outcome yet. I don't think this acquisition is as easy, nor as simple as many perceive. Jim Honan's prediction that AFFU will somehow magically end up cash positive because they can is not rational, nor transparent. Rather perplexing in it's obscurity TBH. I thought he'd been celebrating early truth be told. Companies don't magically intertwine together. They have to be manipulated then meshed together and tested once more in real life conditions. Success isn't any guarantee, not even close!
This melting pot justifiably takes time and patience to get it right. That's why the broad brush of acquisition closure ANTICIPATED* by AFFU for end of Q1 2025. Also the AI goal posts are changing very rapidly yet so irrevocably. That experts are already predicting Software as a Service (SaaS) will no longer exist once Agentic AI goes mainstream (Generative AI fully operational).
So how do you sodder two companies together quickly with such turbulent daily upheaval that both MTi and OMT are in total flux just keeping up with all the mind boggling changes AI keeps making as we speak. Your answer is VERY CAREFULLY** because AI isn't standing still for a second. The truth is we haven't been told near enough by anyone at AFFU, what the buyout outcome will be for retail shareholders.
We won't get told either, until MTi has been fully digested by OMT and official closure is announced. One convention doesn't make an acquisition, it's all part of the DD process. Then there's the life expectancy of our Maple Leaf Capital friend. I'm certain lawyers are having a field day with this jigsaw puzzle. Get comfy boys, this will get spun out until it's time for the AGM in my opinion. There again when is the webcast for shareholders first AGM? Another enigma, is one even planned? This acquisition is a lot harder than it looks and players sure aren't showing there hands unless they absolutely have too. All IMHO only GLTA. 🤞🏻🙏🔮👳
TJG
20時間前
Lets get some things out in the open shall we... first of all anyone who comes here and has looked at the chart, or has done some DD on these background of AFFU by reading posts here will see these facts. Since October I and a few others have put up the Share Structure from the previous time the Transfer Agent put it up as a new entry.
We have documented the increase in the shares for these months, Oct, Nov, Dec and Jan. Its real easy to see that since that started there have been over 800,000,000 shares add to the unrestricted and the Held at DTC. Which tells anyone with have an ounce of OTC trading skills that there has been dilution. I dont think anyone is trying to hide that fact.
We also have put up pages and pages of DD on what this company does, what it owns, what it is acquiring and who they are partnered with. The facts are varified that they are partners with Dell Technology, a multi billion dollar market cap company, they are partners with Orange Business a multi million dollar European company, they are a partner in the 500 Billion dollar Saudi Arabia Smart City, which is currently being built and has a completion date of 2030. This is not a fly by night OTC trips stock.
We have answered on multiple occassions as to where all of this dilution came from... it spawned from the fact that Affluence Corp purchased OneMind Technology just before the Pandemic started in April of 2020. The Pandemic through a very large monkey wrench into the plans of OneMind Technology becoming a major player in the IoT as well as the new and up coming Smart Technology. OneMind was put on hold until mid 2022. Affluence had to keep their investment afloat and they had no money coming in. The WORD was on Lock Down if you will recall. So toxic financing was the only place to turn to.
Fast forward to Aug of 2024 OneMindNG was ready to bust out and along with it Affluence was ready to expand... they made a deal to acquire MTi, another million dollar company in Europ. Along with this deal it was decided that all of the toxic debt would be sold off and when done they would be debt free and ready to move forward. The move also included, per the company, additional acquisition...which leads us to where we are. No one knows how much of the debt that was accumulated in 2020.2021 and part of 2022 translated into what amount of shares to get it all converted. We longs and all of the new investors, new being lass then one year, certainly hope its done soon.
Now lets look at where we are today, when a new investor comes along and sees that this board has a Red Flame on it, that is an IHUB signal that this is a hot topic board... they see this is in trips and they see that the share structure is over a billion in the OS... its only natural for anyone who plays the OTC to wonder if there is talk of a RS... but once asked and answered that should be the end of that singular person asking the question... if he or she asks it again then they are here for a negative reason... looking for cheaper shares is the most common reason.
Now here is my suggestion to anyone who is wondering about that topic... if you do not know about the Daily List the link to it is at the bottom of this post. That link takes you to FINRA... there on the Daily List you will see what stocks are in the process of doing a RS. FINRA posts them through out the day, The date of the post the RS will go into effect the next day... unless its a Friday then it will go into effect on the following Monday. Now the fact of the matter is, FINRA has no say so in if a company can or can not do a RS. That is the sole discretion of the company itself. In 95% of the cases the BOD of a company does a RS if its a Pinksheet Current company...if its a fully reporting OTCQB company then the shareholders must approve the RS.
If you want to know if a RS is coming and you want to know when, then look at the Daily List several times a day... they updated it from 7 am to 5 pm. I look 4 times a day... unfortunately most people seem to think the best way to do Due Diligence is to go to a message board and ask someone what is going on with a stock. They do zero DD. But thats a story for another time. Currently there has been no discussion from the company about a RS and frankly with everything they have in the pipe line, based on my 20 years of OTC trading I do not think they will consider a RS until they have this where they want it, and an RS will be one of the tools they use to move to a higher exchange... IMO they are at minimum one to one and a half years away. Once they are debt free this will begin to move upward just on expansion, revenue and internal growth and profit.
One last thing, if you you open the Daily List and you see the stock symbols that are listed... the symbol on the Left is the current symbol...when you see that symbol listed on the right side of the column and it has a D at the end of it...then the company attached to that symbol is going to be doing a RS effective the next day. Move all the way to the right in the column labeled Details and click on the Folder and you will see what the ration of the RS is going to be.
Good Luck
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
DTGoody
2日前
AFFU is in much better shape than those other ones. Our market cap is an absolute joke with lots of room to run:
AFFU Security Details
Share Structure
Market Cap Market Cap
752,544
01/31/2025
Authorized Shares
4,000,000,000
01/17/2025
Outstanding Shares
1,505,087,348
01/17/2025
Restricted
500,847,878
01/17/2025
Unrestricted
1,004,239,470
01/17/2025
Held at DTC
882,589,762
01/17/2025
DTGoody
2日前
Here's the other one! So as long as the AFFU dilution comes to an end soon we will be fine:
RITE Security Details
Share Structure
Market Cap Market Cap
9,999,887
01/31/2025
Authorized Shares
5,000,000,000
01/27/2025
Outstanding Shares
4,347,776,842
01/27/2025
Restricted
10,538,471
01/27/2025
Unrestricted
4,337,238,371
01/27/2025
Held at DTC
3,806,110,717
01/27/2025
Float
4,346,783,061
04/08/2024
Par Value
No Par Value
Market Value calculated only for respective security
DTGoody
2日前
Look at this just goes to show you any of these can run hard with the right news. AFFU is sitting much better than IGPK:
IGPK Security Details
Share Structure
Market Cap Market Cap
35,633,607
01/31/2025
Authorized Shares
10,000,000,000
01/31/2025
Outstanding Shares
8,691,123,649
01/31/2025
Restricted
5,941,304,418
01/31/2025
Unrestricted
2,749,819,231
01/31/2025
Held at DTC
2,495,541,350
01/31/2025
Float
2,803,317,059
05/10/2024