JFBroderick
2週前
Clarity/transparent is very much needed from the company.
The company states the following in the filing (and has for quite some time): "The Company operations are financial transaction processing and data analytics."
Yet the only income came from bottled water...10% net profit margin from the $134,936 in sales.
No new shares were issued in Q1 which is a good thing but the glaring issue is the $628,343 outstanding with potential conversion into 12,038,780,881 shares. Get a clean new narrative and new agreement(s) to address the aforesaid and this might still have legs.
JFBroderick
2週前
I think shareholders absolutely deserve better communication and transparency here, especially given the level of dilution and the complexity of the capital structure over the last couple years.
That said, I’m not personally convinced Eduardo is necessarily the primary decision-maker or economic control point behind everything. The filings paint a much broader picture involving recurring lenders, preferred holders, overlapping entities, and shared executives across ASII, AMOD, Metrospaces, IQST-related history, etc.
To me, the more important questions are:
* who still controls the convertible/preferred overhang,
* whether dilution is still actively occurring,
* and how much influence these related parties continue to have over the structure.
I think those answers are probably more meaningful than threatening legal action at this stage.
bobvan5
2週前
Dear Eduardo,?I am writing to follow up on my previous communications regarding the current status and governance of Accredited Solutions Inc. As a substantial stakeholder holding approximately 3% of the company’s outstanding common stock, I am writing not just out of frustration, but to explicitly outline my expectations regarding corporate transparency and regulatory compliance.?Having spent my career as a business executive, I am well aware of the strict fiduciary duties that corporate officers owe to their shareholders. When a public company goes silent amidst major transition promises—such as the high-tech pivot and potential NASDAQ listing discussed last year—it inevitably raises serious questions about what is occurring behind closed doors.?To be perfectly direct, the continued lack of material updates forces a major shareholder to consider the necessity of formal oversight. Should an independent investigation or a forensic audit reveal material irregularities, non-disclosure of market-moving facts, or breaches of fiduciary duty, it triggers a very specific and damaging chain of events for a corporation:?Regulatory Intervention: Material reporting discrepancies or prolonged failures to update the investing public are grounds for immediate referral to the SEC’s Division of Enforcement and FINRA to investigate potential market manipulation or disclosure violations.?Shareholder Derivative Actions: Under corporate law, major shareholders have the right to initiate derivative lawsuits against officers and directors for breach of duty, which opens the company’s internal communications, board minutes, and financial ledgers to absolute discovery.?Asset Freeze and Receivership: In severe cases where corporate asset diversion or systemic irregularities are uncovered, courts can appoint an independent receiver to strip management of control and protect remaining shareholder equity.?I sincerely hope that Accredited Solutions Inc. is simply experiencing normal operational delays and that no such structural or regulatory irregularities exist. However, the absolute lack of clear communication makes it impossible to verify the company's health from the outside.?As one of your largest individual investors, I require a clear, factual update on the company’s regulatory compliance status, its current financial standing, and the exact timeline for the previously discussed corporate initiatives.?I look forward to your prompt and detailed response before I determine my next formal steps.?Sincerely,?Robert Van Gelderbobalan5 @Ez_Ed-1
JFBroderick
3週前
Legacy business. TA didn't get back to me yet but I followed up with them today so I'm hoping for a response sooner rather than later.
"to casey
Hello Casey,
I am a current shareholder of Accredited Solutions, Inc. (ASII) and was hoping you could please provide the company’s most current share structure information, including:
Authorized Common Shares
Outstanding Common Shares
Restricted Shares
Unrestricted Shares / Public Float (if available)
Current number of Series B Preferred shares outstanding
DTC eligibility status
If available, I would also appreciate the effective date associated with the figures provided.
Additionally, if you are permitted to share, can you confirm whether there are currently any significant reserve share allocations associated with convertible instruments or preferred share conversions?
Thank you in advance for your time and assistance.
Best regards,"
JFBroderick
3週前
Emailed the transfer agent today to see if the dilution engine is still running.
"Hello,
I am a current shareholder of Accredited Solutions, Inc. (ASII) and was hoping you could please provide the company’s most current share structure information, including:
Authorized Shares
Outstanding Shares
Restricted Shares
Unrestricted Shares / Float (if available)
Additionally, if you are able to share the “as of” date associated with the figures provided, I would appreciate it.
Thank you in advance for your time and assistance."
JFBroderick
3週前
Hate to say it but you have more people than Eduardo to reach out to. Alessi/JanBella, Sperry, Metrospaces/Oscar, and the Series B/lender group.
ASII’s 2026 OTC annual report lists its address as 20311 Chartwell Center Drive, Suite 1469, Cornelius, NC, the same city/address ecosystem that shows up around Alpha Modus/Alessi-linked entities. It also shows ASII had 3.845 billion shares outstanding as of April 17, 2026.
The Alessi/JanBella link is not casual. ASII’s 2023 10-K says William Alessi is a former CEO/director, JanBella is controlled by Alessi, and ASII owed Alessi, JanBella, and Chris Chumas secured 10% notes. At year-end 2023, ASII owed Alessi about $179.7k principal + $72.6k interest, JanBella about $94.4k principal + $49.1k interest, and Chumas about $100k principal + $50.5k interest. Those notes were secured by all ASII assets.
Those notes had very dilutive conversion language: conversion at the lower of $0.001 or 50% of the lowest bid price during the prior 45 trading days. That is exactly the kind of structure that can crush common shareholders when the stock is already pinned at .0001/.0002.
ASII later disclosed a major 2024 conversion wave: 1800 Diagonal, Leonite, JanBella, Metrospaces, Jefferson Street and others converted relatively small dollar amounts into very large common share blocks. For example, Metrospaces received 60M, 62M, and 160M shares in August 2024 conversions, while JanBella received 76.59M and 32M shares.
Then ASII created Series B Preferred Stock with a floating conversion formula: 85% of the average of the three lowest VWAPs over the prior five trading days. ASII says six lenders exchanged $1.1M of debt for 1,217 Series B preferred shares. That means the old debt stack did not simply disappear. It was repackaged into a preferred instrument with variable-price conversion economics.
ASII also entered lock-up/leak-out agreements with Jefferson Street, Leonite, Metrospaces, Mainstar/Chumas, JanBella, and William Alessi. The leak-out allowed sales during the leak-out period in six monthly parts and limited weekly sales to 10% of the prior week’s market volume. That confirms ASII itself understood these holders were a market-overhang problem.
The AMOD link is real
Alpha Modus became public through the Insight Acquisition SPAC transaction. AMOD’s closing 8-K says William Alessi became CEO/director and Rodney Sperry became CFO.
AMOD also entered into a secured convertible note with Streeterville Capital/John Fife for $2.89M original principal, secured by AMOD and Legacy Alpha Modus assets, including IP. It required registration of shares equal to at least 2x the shares needed to convert the note, and if AMOD’s bid price stayed below a $4 floor for 10 consecutive trading days, repayment obligations were triggered.
Critically, AMOD’s 8-K says William Alessi, JanBella, and Alessi-related trusts were “Capital Parties,” and their debt/security interests were subordinated to Streeterville. That tells me Alessi/JanBella were not just passive names. They were embedded in the AMOD capital stack too.
The Oscar / IQST / Affluence / Metrospaces side
Oscar Brito’s connection to IQST is also not imaginary. iQSTEL’s 2018 10-K was signed by Oscar Brito as a director. A 2020 report says Oscar Brito, then CFO of Metrospaces, resigned from IQST’s board.
Metrospaces publicly said it owned 6,136,848 IQST common shares in 2018 and that Metrospaces was founded by Oscar Brito.
Affluence appointed Oscar Brito as President in June 2025 and describes him as a co-founder, board member and active investor in iQSTEL.
bobvan5
3週前
Dear Eduardo Brito,?As a major shareholder with a significant stake in Accredited Solutions, Inc., I am writing to you today to share some perspective on our current trajectory and the importance of our public messaging.?Your previous communications regarding the company’s expansion into Blockchain, Fintech, AI, and digital gift cards made a strong impression and set a clear, ambitious vision. While I recognize that the path to implementing such transformative programs can be complex and that outcomes don't always align with the original timeline, the current silence regarding these initiatives is a matter of concern for the investment community.?Only you and your leadership team have full visibility into the current status of the SPAC merger and the various programs previously announced. From a shareholder's perspective, we are at a critical juncture. If these programs are indeed on the horizon, the manner in which this progress is communicated to the public is vital. Strategic, transparent updates have the power to significantly bolster market confidence and, consequently, our share price.?The primary risk we face is a lack of clarity. If there are positive developments or milestones within reach, I urge you to share that vision with the public. Effective communication is not just about the information itself, but about conveying the company's momentum.?For the benefit of the stockholders and the long-term health of the company, I ask that you consider a proactive approach to public relations. By sharing our potential successes with the world, we can align the stock's performance with the company’s true potential.?Thank you for your time and your dedication to the company.?Respectfully
JFBroderick
1月前
Thanks to chatgpt and some pointed questioning:
"My read: ASII looks less like an operating turnaround and more like a public-company acquisition vehicle that has been trying, and failing or delaying, to attach a real revenue story to the shell.
The clearest “plan” they have disclosed is: acquire or merge into telecom/fintech assets, use ASII equity/preferred stock as deal currency, keep the public listing alive through filings, and possibly support an IQSTEL-related transaction. But the evidence is messy.
Key points:
1. They are still filing because the public shell has value.
ASII’s latest OTC annual amendment shows 3.845 billion common shares outstanding, 5 billion authorized, and active preferred share classes. That alone suggests keeping disclosure current is part of maintaining the vehicle, not necessarily proof of operating progress.
2. Their current actual operating business appears tiny: Diamond Creek water.
The filing says operations are centered on Diamond Creek bottled water after prior ventures like Petro X and GlobeTopper were rescinded/discontinued.
3. The GlobeTopper acquisition fell apart.
ASII acquired GlobeTopper in late 2024, missed amended payment deadlines, then entered a rescission agreement on June 16, 2025, returning the parties to their pre-deal positions. That is a major red flag against the “we’re building a fintech platform” narrative.
4. The IQSTEL/itsBChain angle is the most meaningful breadcrumb.
IQSTEL disclosed a non-binding MOU for ASII to potentially buy IQSTEL’s 75% interest in itsBChain for $1 million, partly in ASII preferred and common shares, with IQSTEL planning to eventually distribute ASII common shares as dividends to IQSTEL shareholders. The deadline was later extended to September 30, 2025.
5. Ben Farzam’s role points to the intended strategy.
His employment agreement says he was hired as CEO of a to-be-formed “Growth Company” to oversee operations, source acquisition targets, build a strategy around acquisitions/synergies, and generate new projects/profit centers. That supports the idea that ASII’s plan was acquisition-led, not organic growth from Diamond Creek.
6. Dilution/convertible financing is still the elephant in the room.
The latest filing shows multiple conversions into common stock, including hundreds of millions of shares issued in 2024 and 2025, plus Series B preferred that converts based on low VWAP pricing. That structure can crush common shareholders unless a meaningful deal arrives quickly.
Bottom line:
I do not see strong evidence that ASII has a functioning, well-communicated operating plan right now. I see a company trying to keep its public vehicle alive while pursuing acquisition/fintech/telecom transactions, with the IQSTEL/itsBChain path being the most plausible remaining plan. But the GlobeTopper rescission, lack of communication, going-concern warning, and heavy dilution make this look highly speculative."