Affluence Corp (PK) (AFFU) Noticias

An acquisition after a failed merger is no mean feat. The company has a plan. They can't please everyone. Can't speak for Dino but I'm looking for a double from here with the acquisition details. They are pivotal for the most of us here. TJ is out to recover AFFU losses elsewhere. To each there own, that's trading. He may or may not get back in. Dependent in large part how he does elsewhere is my hunch.

I can't comment on dilution any more than anyone else here. The filing before the next news will be my expectation. Who knows, the new CEO could have far more grandiose plans and we hit a string of PRs. All I know is we need more details. Just no telling yet Risk.

No idea what you're looking from with AFFU

But if I had capital I'd be buying here over the holiday season. This stock is ridiculously cheap now yes, but I see the price going up other side of New Year's. Now the news is out take what you can find is my advice. Good luck here.

Thanks Risk, enjoy the time with your family and we all need a break from this stock. 
Spending time with the wife and children bring me joy, this stock and message board does not bring any joy unfortunately. 
I still have all my shares and as I stated countless time I'll be rewarded or go down with the ship and I'm standing by that. 
Take care. Catch up later this week. 

Just time to go... I am not, not coming back but it wont be for at least 30 days... I see no real chance of any big movement here until the acquisition is completed... there may be a few PRs to help keep it going, but as the press release said, the deal should be done in the first quarter of next year. If we are to believe the history of Affluence and its acquisitions that means Feb or March...

I have been sending email to them on a regular basis and asking for them to consider a buy back program and to publicly announce there will be no RS... if they, they being who ever is running this with Michael Balkin, would like to see the PPS move upwards at a decent clip that is the way to do it. I have not and do not expect to get a reply from anyone at the company, but it does not mean I wont push for it... if something like that was announced I would naturally jump back in with both feet.

Happy Holidays to you Risk and your family and loved ones as well.

What the point with all the acquisitions, they freaking funded everything from the shareholders and now God knows what will the plan to address this dilution.
I am also not selling anything OS. Hopefully any hope with AFFU.
Enjoy your time and have a nice time with the family 

Have a nice time and enjoy this beautiful time of the year.. hopefully something good happens

Rich,I hate the fact they screwed up the shareholders that been with the company for so long, look at the value now. 
What your opinion?? Regarding this huge OS and the constant dilution ... 

I think Dino was right from the get go and smart how he handled it, need to learn from a lot of:))

Right Golf most run by unscrupulous beings. I don't even trust the big shot involved here, they don't care about the regular shareholders. Still hopefully something good may happen. Enjoy the beautiful time with your loved ones buddy.. time to be joyful 

Thanks TJ. What your reason to exit now? Is it just the book the losses or you find it not attractive anymore. With this huge dilution imminent RS be on the plates? Not suggesting any just trying to to understand your exit?

Please share your valuable insights on this and others you have any but this time I will certainly check the AS :)) and off course financial reports:))

Have a wonderful time with your loved ones. 

watching otcn to let off when he does it's time.

You could be right. With mediocre holiday volume at best. Really tough getting any true sense of direction. AFFU has turned the corner structurally. Need to wait till New Year trading for any true market direction. Are you buying, is it easy to get shares if you are?

the bottom is when otcn let's of so far he hasn't, so got room to go down further imo

I think this has to be bottom here.

If there's any more shares available of course. I'm glad I was wrong, they're teeing up the merger for conversations over the Christmas dinner table. Always a very good time to PR if you've got the news. Jim Honan over the years would PR on either a Tuesday or a Thursday. This is a radical departure from that time honoured doctrine.

Topped up and feeling up for once. Something's telling me this is going to be a Happy New Year ✔️✔️

Thanks OS. I have not sold any either in quite awhile. The way I play these kind of stocks I buy in small to begin with and add dips along the way if it still looks promissing so my average is still pretty low. The last few days I have been buying the 0006. I have had orders in also at .0005 but so far havent got any of those. Hopefully this is the bottom and these shares look like a gift soon. I am not really looking for much this year. Hopefully next year it turns back around. Hasnt been long ago when this one stayed above a penny.

Strategic I hear you muse.

I'd agree and strictly out of keeping with Jim Honan's previous 4 years at the helm. Suggesting... Jim Honan's no longer CEO - - > IMO

Sounds like you're also predicting Francesco as CEO 🤔

I'm in the same boat. Here since Nov 21 and down a measley 91% 

I hear ya. Hard to get excited about anything here these days. How goes the battle ?

Merry Xmas OS! Let's hope this one actually goes through  

The next acquisition after MTi may be….
I am calling it now…..
Any company that Francesc Domingo may have a connection to or owns part of…..

How did anyone know for certain a strategic partnership was about to be an acquisition. Possible sure but if anyone already knew they were sure quiet about it. Jim could have overextended acquiring some other company. I'm relieved it's MTi if I'm being honest. Any other company would have been likely as not a dilution death knell.

I hunch I already know the next acquisition, but I'm not counting my chickens before they're hatched. No point, let's see how we look with the newest one first. It takes time for everything to gell. I'm not expecting any run here but this is extremely good news. It heralds a parade of good news but that all takes time to digest. I keep asking myself, is AFFU a holding company or what. Startled Jim is cash positive, we need to see some filings, probably in new year.

They LIST MTi 1-50 employees, I counted 17 staff in MTi's Linked In photo. If that's all there is I'm not expecting devastating dilution, like some here are thinking out loud. Gotta congratulate you OS. You called this merger almost as soon you found it. Nice work, MTi has put us in the big leagues for contracts. I read they expect to be cash positive very shortly as well (if not already) . That MTi Dubai office about to get busy IMO. 💰💰💸💸

Jim surprised me, this is indeed a nice Christmas present. I find it very positive news. Sure we need time to mesh company wise, digest financially speaking. If AFFU is going to be cash positive I'm anticipating dilution will be reasonable. This has been a long term hold from the get go. Seems like we're in great shape. 👍

Great timing release news at 3:00 the day before Xmas eve

I bought a few, what the heck. Breaks up the monotony of my large caps. Happy holidays to all. 🍷

The news came out then because Jim has no say so in when anything will happen.. I said this a few days ago... Jim is simply a Figure Head here now... Control of the company is in the hands of Michael Ball-Sackin My relationship with Jim has ended, he no longer can speak with me or I would assume anyone else for that matter... Between the Quantum success I had and the lack of conversation with the management dumping was a logical choice. We will keep in touch my friend thru other means. Happy Holidays OS... talk soon

Take care Risk, I will keep in touch and hopefully the new year is the Year Of AFFU

Hey George, thank you... but to be honest I like others made some very nice profit on the sudden run on Quantum stocks... had I not had that happen I would be holding tight here... Best to you and your family and as I said I will be keeping an eye on this...but not posting much as an observer I think my trap being shut is the best way to play it.... Bless you and your family

LinkedIn updated: Affluence
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Affluence Corporation has reached an agreement to acquire MTi - Mingothings international, a specialist in integrated #loT solutions and data analytics for #smartcities and connected industries.
The first step in our planned acquisition strategy to strengthen OneMindNG and expand market reach.
https://bit.ly/3DnPE9t
Affluence Corporation to Acquire Mingothings SLU - Affluence Corporation
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This is starting to snowball.

"This is the first step in our planned acquisition strategy to grow Affluence.

That almost certainly paves the way for MGi's CEO Francesco Domingo to join the B.O.D. @AFFU ✔️

This is very odd that news comes out in mid day.
This news is nothing new.
Many of us have always thought Mingothings was a target acquisition.
I believe it never got done sooner because maybe Mingothings wanted to see Affluence Corp clear off some or most debt and the only way to get that done was to issue shares. In doing that AFFU price has gone down dirt cheap. Now Mingothings would get a lot more shares and have a larger control of Affluence Corp.

This news had no effect because it only matters when an acquisition is completed and really completed with no unwinding done in the future.

I have not sold. My tax loss would be to large to make a difference.

I will say i welcome Francesc Domingo, CEO of MTI into Affluence Corp and i hope he takes control of AFFU and really get us noticed.

Dang TJ. That's quite the write off. 
Merry Christmas and well wishes for the new year. 

I'm looking forward to seeing the PR's headed our way. Interesting MTi works in Dubai has an office there. Hmmm what a coincidence ✔️

Hate to say crap management. Not excited about anything they put out now. I going to hold on to my shares and will exit as soon I am break even. This will be a dilution machine 

I agree. I am just holding on to my shares for the long run and hoping it will bring some gains in the future. I have enough losses for the past three years and for me doesn't give me any benefits of creating more losses and also it does not make sense for me to sell at almost 90% loss.
Wishing you and your family peace, happiness and good health and all the best for a wonderful Merry Christmas and Happy New Year. Be safe and God bless us all.

Good news... although I am pretty sure everyone new it was coming... would have liked to see some updated info on where they stand with the dilution and perhaps some explanation as to why it all happened to begin with.

I also have sold... going to take the loss and use it on my taxes... although I can only use $3,000 per year... and since the PR says they will complete the merger by the end of the first quarter that will more than give me enough time to let the 30 days with out rebuying to get back in if it looks like there is going to be sufficient reason to do so.

Good Luck everyone and please all of you have a wonderful Christmas and a Happy New Year... I will keep an eye out here and maybe they will add some additional news that will move this.

TJG over and OUT

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-to-Acquire-Mingothings-SLU?id=463183

China steals $500,000,000,000 in US intellectual property a year.

If anyone doesn't think Internet security is important. They need there head read. I find the reference to diversity interesting, thanks. Be well OS you were lucky.

I dont think that is what I was saying.... but if you took it that way, so be it... my point was that OS PB and I have all posted several times that the Accounts Receivable is where the revenue was and is sitting... I was pointing out that stating the revenue just dissapeard like you posted was not accurate and for anyone who read what you posted thought it was they needed to know that its still there if you read the filings. and understand them... what was idiotic was to say I was calling you an idiot. I think for what ever reasons you take everything said as an attack on you personally. Good Luck to you Golf I think you need to calm down a bit. Have some Eggnog

At least Mingothings is respectful
They at least post, but not OneMindNG or Affluence Corp

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• Happy Holidays from all of us at Mingothings
International! 4
As the year comes to a close, we celebrate the diversity that drives innovation, connection, and progress in everything we do. Whether you're celebrating Christmas, Hanukkah, Kwanzaa, or just enjoying the season of giving and gratitude, we hope your holidays are filled with joy, warmth, and community.
Thank you - to our clients, partners, and team - for a fantastic year and being a part of our journey this year. Let's make the next one even brighter! +
Here's to building an even more inclusive and innovative future in the New Year!
#mti #mingothings #HappyHolidays #InclusiveCelebration #Innovation #TechTogether

Of course I am still here. I'm sorry for sounding like an uninformed idiot regarding the financials. I'll try to learn more about this stuff before speaking. 
Merry Christmas!

Have a great Christmas OS and we all hope your doing better after taking on that SUV..... I am like you.. I used to average 15+ posts a day here now maybe 3 or 4. Just not much to talk about...all we can do is wait on the silent company to break their silence and give us some updates...

Happy Holidays to everyone out there.

Yes we are in on the long haul, at least i am.
I just don’t post much anywhere anymore but i am still reading, bleeding 🩸
I agree AFFU subsidiary OneMind very much could surprise in April’s filing. By then they could be debt free with more outstanding shares too


Short day in the markets today


Some of the NASDAQ stocks shot up at 4am
R A P T
R E L I
T R A W
But I don’t own them and it is risky to trade them

If your wondering how I come up with the revenue numbers in my previous post just follow these steps.
1. Go to the OTC AFFU web page, click on Disclosures and then open each quarter for 2023.
2. Look at the Revenue for each quarter, you will see that one of the quarters has very little revenue but does have significant dollars listed on the Accounts Receivable line
3. Add the quarterly revenues together and then add the Accounts Receivable Line in with it and you will see that those totals equals the Annual Reports 2023 year end revenue.

If you do the same thing with the 2024 Quarterly reports you can add the revenue and the Account Receivable billings and you will see what the total revenue for this years is. OneMindNG is a company that relies on 90 day billing cycles and they do not list receivables under the revenue line on the financial report. But they do balance out the books when the Annual Report is filed. So the idea that they have suddenly dropped all of the previous years gains is not true...We will, if your still holding this and care that is, have to wait for the Annual Report to see exactly how much they made. It will be filed in April of 2025 just like it always is.

Perfectly logical and pertinent question Golf 💯

.but on the other hand why the major decline in revenue the past 3 quarters???

Elementary Watson, but let's not sweep that under the rug quite so shrugly. Can you think of anything in the way of procurement this year, that cannot be disclosed in 2024 but needed* to wait? 🤔🤥

That's how I knew they weren't about to close on an acquisition this year with so much riding in the balance. They rushed into Durham Black and look what happened and with the very best of intentions? Jim knew they were shooting for the stars with Patrick. They knew that a contingency plan was not just a good idea, nnnnnoooo sir, it was a prerequisite. (and good business acumen)

In April of 2025 they Annual report will be filed. In that report you will see that the total revenue for 2024 will exceed $2.2million for the year. Total revenue for 2023 was ?1.99 million. 2024 will exceed 2023 according to the last 3 quarter filings For the first 3 quarters they have $1.7 million in revenue. Mark this post and you can bring it back up to see if I am right. It's been explained here before and if a person knows how to read a financial filing they can see it. 

But you are right no sense rehashing it. If a person can't see it by December then they won't see it or believe it until the annual report is filed. 

Hello darkness my old friend...

Thank you golf, I did finally look in the correct place. Dell tech even Stated Onemind tech is the preferred hypervisor for smart city applications. That should still be a Plus, what about the income from Dell through a partnership.?

OneMind is still listed on the Dell Edge Partner website. I didn't imply they're out of business. I just meant it more than appears there's been a change of some sort. 

Does affluence corp/Onemind tech still have a partnership with Dell tech to use their hypervisor for their digital city software.?

Rich, I'm not saying there's a company OneMind problem per se. 
FY2021 total revenue $935K
FY 2022 total revenue just under $1.5 million,
FY2023 on last years annual report stated just under $2 million in total revenue. 
So far this year 2024 from the 3 quarterly reports filed total combined revene is about $388K. So something fundamental changes this year. 
The substantial revenue growth percentage for the first 3 years I mentioned is why I kept on buying over the past 3 years even though the share price kept going down. I thought they were a growing and expanding company with a bright future potential. I understand the dilution isn't because of OneMind but on the other hand why the major decline in revenue the past 3 quarters??? It has nothing to do with the Durham Black-Patrick Shutt-Merger Unwind quagmire in my opinion. It's water under the bridge and a moot point now and I'm not looking to rehash the past but I'm not surprised if Patrick couldn't obtain the $22 million in funding because potential investors he sought didn't like what they saw perhaps versus Patrick be unskilled in attracting investment. Nothing really matters anymore anyways. 
Enjoy your weekend. Good luck with tennis. 
No golf, 25 degrees here with 6" of snow yesterday. Take care