Big Brother
2 años hace
Shares held at DTC updated fort he first time on Friday.......519K shares and we are currently sitting at .15 cents, with a capital raise having been done at $1.00 recently.......unreal.
Lack of awareness and volume seems to be the only real issue here preventing this from moving up, certainly isn't dilution, toxic convertible debt or the share structure itself.
PPS should be much higher, they paid a TON of $$$'s for a quality shell, perhaps time to spend some money on a solid IR company now the name/ symbol change is complete.
Big Brother
2 años hace
8K out, they just did a capital raise @ $1.00.......and the current share price is just .15......looks like someone is clearly confident in where the price is headed.
Item 1.01 Entry Into a Material Definitive Agreement.
Between May 26, 2022 and June 1, 2022, Awaysis Capital, Inc. (the “Company”) sold, in a recently-launched private offering of up to $25 million of the Company’s common stock, par value $0.01 per share (the “Common Stock”), at a price per share of $1.00, an aggregate of 600,000 shares (the “Shares”) of Common Stock for an aggregate of $600,000 in gross proceeds. The purchases of the Shares were pursuant to a Subscription Agreement & Investor Suitability Questionnaire as between the Company and each of the investors.
https://www.otcmarkets.com/filing/html?id=15869419&guid=BSawkWAhssRt5hh
Big Brother
3 años hace
Yes, nice to see the name/symbol change finally, been waiting forever.
Outstanding shares will be going up in the Casamora deal by as much as 50M, it all depends on the share price at the time of the appraisal but it will all be restricted, float is currently just 871K.
Nestled in the lively and affluent town of San Pedro, Ambergris Caye, Casamora positions itself as a modern luxury waterfront hotel and residences. The site is 2.5 acres with 300 feet of beach frontage overlooking the reef that is less than a mile offshore. The project includes the renovation of 30 private suites, a world-class conference center, gourmet dining restaurant, private rooftop lounge, and lap pool. Along the water edge, there will be a beach bar and extensive waterfront esplanade. Total revenue projected over 5 years including sales of 30 condominiums, sales and rentals of new commercial buildings, and other rental revenues is projected at US$43M.
Big Brother
3 años hace
Wish I knew when the updated appraisal will take place, I'd buy $35 bucks worth of shares 100 @ .35 and would result in FAR less dilution to shareholders in this deal. It should have been done at a set price, .40 or .50 cents or more, that would have been better IMO.
This current deal kind of stinks, other than maybe Glenn Estrabillo will be a big shareholder, which may not be a bad thing. Glen sounds like a nice and successful guy who got a pretty raw deal being unfairly and falsely slandered and defamed all over Reddit other places on the Internet.
Maybe he can bring in some investors here, he has the connections, current management has not been able to at this point.
https://www.podchaser.com/podcasts/choose-unstoppable-1023606/episodes/30-how-to-stand-strong-when-yo-59641414
Big Brother
3 años hace
News yesterday, acquiring Casamora Resort in Belize.
Nestled in the lively and affluent town of San Pedro, Ambergris Caye, Casamora positions itself as a modern luxury waterfront hotel and residences. The site is 2.5 acres with 300 feet of beach frontage overlooking the reef that is less than a mile offshore. The project includes the renovation of 30 private suites, a world-class conference center, gourmet dining restaurant, private rooftop lounge, and lap pool. Along the water edge, there will be a beach bar and extensive waterfront esplanade. Total revenue projected over 5 years including sales of 30 condominiums, sales and rentals of new commercial buildings, and other rental revenues is projected at US$43M.
https://awaysisgroup.com/project/casamora/
https://www.otcmarkets.com/stock/ASZP/news/JV-Group-Inc-OTC-MARKETSASZP-Announces-Plans-to-Acquire-Casamora-Resort-Assets?id=357098
Big Brother
3 años hace
Somehow I missed this 8K the other day, they are acquiring about $11M dollars in property, this will then exit shell status.
However, looks like these are both cash and equity deals( additional shares being issue).....if thats the case they need to get the price of this WAY up by the day of the appraisal, so they issue fewer shares
.15 cent shares is not going to work, they would have to issue around 53M million shares @ .15.......yikes...!! Get the price to $1.00+ and it makes it far more palatable, only around 8M additional shares.
https://www.otcmarkets.com/filing/html?id=15743927&guid=dlqwknXj9hNeJth
Big Brother
3 años hace
Wish these guys would have the TA update the 'Security Details' at OTC Markets, I'm curious how many shares are held at DTC. I'm guessing not much, if the unrestricted is around 770K or so, I'd be shocked if half that was at DTC given how illiquid this is.
Probably mostly held in cert form by some old Asian shareholders, who forgot about this and have no clue what's going on any longer, after previous company went dark.
If Singh really wanted to make a shareholder friendly move, he would issue a dividend on those shares not held by insiders, maybe a 4 or 5 for 1 divi, you would increase the float, without increasing the o/s too much like a f/s would.....perhaps be a bit more liquid then..... which is likely going to be a issue here moving forward.
Big Brother
3 años hace
Additionally, they paid $500K dollars for the shell, this is a very high price, you would be hard pressed to find many companies that have spent more for an OTC shell in the past 10 years.
I can only assume that the high price paid was because of the high insider ownership percentage, in this case 99%. So they do not have to issues additional shares, to increase their ownership percentage. That's not saying more shares wont be issued but they would be for acquisitions if it occurred.
OTC traders typically overvalue shells with low outstanding shares, which is foolish IMO because when there is a change of control, hundreds of millions of shares, even billions, can be issued to the new owners....and in pennyland typically are.
In this case they don't necessarily need to issue shares to the new owners because they already own the vast majority of the of the o/s.
Again, this just seems more shareholder friendly to me, as there is not that shock of massive amounts of shares being issued out of the blue after take over.
Big Brother
3 años hace
Authorized shares being reduced from 1B+ to 250M, 99% of the time in penny stock changes of control or reverse mergers, the a/s is typically increased, not reduced....to make room for convertible debenture dilution and those shares issued for mergers/acquisitions, or to increase the insider ownership percentage.
These guys have done the complete opposite, they did not need to reduce the a/s but likely did so for the shareholders and potential investors benefit, to show they are not going to be your typical penny stock dilution machine.
This is a very shareholder friendly move IMO and I think bodes well for the company going forward.
https://www.otcmarkets.com/filing/html?id=15633954&guid=jOFwka40axL7Qth
Big Brother
3 años hace
SCHEDULE 13D filed Monday seems to spell out a few more details on the plan for the ASZP shell.
In connection with the transactions contemplated by that certain Securities Purchase Agreement (the “SPA”), dated November 23, 2021, whereby Michael A. Littman ATTY, Defined Benefit Plan, MAL as trustee, an affiliate of Michael A. Littman, the secretary and a director of the Company, the owner of 98,108,000 shares of the Company’s common stock representing approximately 99.2% of the Company’s issued and outstanding common stock, sold 98,008,000 shares to Harthorne for aggregate consideration of $500,000, or approximately $0.0051 per share (collectively referred to as the “Transaction”).
Funds utilized to complete the Transaction were borrowed from Singh and Trumbach and a number of unaffiliated persons that funded an escrow for the purpose of effecting a change of control of the Company in anticipation of utilizing it to then implement one or more business plans through the Company. Such business plans may result in the acquisition of one or more business, companies or asset classes, including but not limited to, real estate assets.
https://www.otcmarkets.com/filing/html?id=15656596&guid=PsFwkWJyLqkhQth
Big Brother
3 años hace
Now I see, Michael Littman was not new to this company, he was the attorney for the old Asian owners years ago.
Looks like they eventually abandoned the company, he then purchased their shares, which was the 98M(99%) revived it as a shell company, got the CE removed from delinquent filings..... and then sold it to Hawthorne Capital for $500K, looks like he got to keep 100K as well, pretty good deal for him.
Harthorne Capital Inc must be either dba as Awaysis Group or the perhaps the parent company of Awaysis, not sure yet.
At this point there has just been a change of control, no actual reverse merger, I'd assume the plan is to either merge Awaysis Group with JV Group, or acquire some or all of their various real estate assets.....need more details though.
Pretty limited trading history on this that I see, these were the highest volume days going back 10 years.
2018-03-19--115.58k
2021-06-07--79.33k
2018-03-20--78.96k
2021-12-27--63.17k
2021-11-12--52.72k
2014-03-10--43.14k
2014-10-09--40.87k
2015-11-16--35.56k
2018-08-21--35.00k
2021-09-08--32.67k
2019-03-21--31.88k
2021-06-10--30.01k
2021-06-04--30.00k
2019-10-10--30.00k
2021-07-26--26.80k
2017-07-24--26.66k
2021-11-30--25.20k
2016-05-03--25.00k
makinezmoney
4 años hace
$ASZP: OS only 3.8Milly
Laissez les bon temp ROULEZ !!!
Share Structure:
Common Shares: "As of Oct. 9, 2008, there were 3,879,655 shares outstanding of which 746,655 shares were held by non-affiliates."
AS 100,000,000
OS 3,879,655
Preferred Shares:
AS 25,000,000
OS None
GO $ASZP