Affluence Corp (PK) (AFFU) News

How is there 0 volume on this today? Not a great sign of things to come!!

Here is the PR as to this statement: Fact, James stated that when the merger with Durham Black was put together it was Durham Black who did the LOI to bring Contrivian into the company on the assumption that the merger would go thru. He did not at anytime mention the other three LOI that were announced by Affluence.

Affluence Corporation Update and Unwind Agreement Finalized
https://affucorp.com/2024/10/affluence-corporation-update-and-unwind-agreement-finalized/

“As previously stated, we are disappointed that the merger was not finalized. Durham Black had an unwind clause of 120 days and exercised that option.” said James E Honan, Jr., CEO of Affluence Corporation. The Agreement has been unwound as previously announced.

Based upon recent shareholder inquiries, Affluence wants to provide some additional clarification. The LOI to acquire Contrivian was executed by Durham Black under the assumption of a merger with Affluence. It is not a part of Affluence. We are diligently working on other opportunities and will provide updates to the market as we execute against our strategy to acquire and manage technology assets.

Gee no volume?

why no movement today so far.?

Nice to see TJ, OS and RB taking over again  ... like old times :))  
I kinda like your take on this one TJ. 

Sure sounds like you think AFFU is a holding company. Great post BTW but again Jim sure needs to come clean on a Lot Of Intent before market credibility ensues. You're in fine form this morning TJ, great post.

Market Cap for starters, more transparency all around for that matter. I know it looks like MTi owns Digibriks but that has never been disclosed to my knowledge. Again transparency is lacking for any serious credibility. Positively killing us.

AFFU = as said by TJG

Fact, in the PR that announced the Merger with Durham Black was unwound James stated they were looking at company's to bring into Affluence still and that 2025 would be a good year for the company.

Fact, James stated that when the merger with Durham Black was put together it was Durham Black who did the LOI to bring Contrivian into the company on the assumption that the merger would go thru. He did not at anytime mention the other three LOI that were announced by Affluence... Those three were being brought in by James and the old board of directors.

Fact, Digibriks was announced by Affluence as being created once the merger was completed. And once created would hold OneMindNG, as well as the 3 LOI that were announced. Contrivian would be a stand alone subsidiary of Affluence and would NOT be a part of the Digibriks subsidiary

Fact, The Q three clearly states that Affluence has issued an LOI for Digibriks... Which is now A software and service company located in Barcelona Spain Its impoetant to note that when James announced when the LOI for the three companys was completed they would, along with OneMind be moved INTO a new subsidiary called Digibriks. Those three were going to make up Didigriks...now the LOI in Q 3 clearly states that Digibriks is now a Software and Service company. So it went from BEING CREATD... to a now functioning company in the software and service sector.

Fact James stated that the OTC with held the ability of Affluence to update the Company Profile until the issue of Control was completed, so the listing of the two new Board of Directors was held up until just prior to Thanksgiving when both of them were listed as Independent Board Members. This was an indicator that control had moved from James Honan, and the previous Board of Directors to the two newly added Board of Directors... what we dont know is how that control is set up. Is Michael Balkin solely in control or does he share control with William Gonyer... my money is on Michael having sole control of Affluence

Fact, OneMind and MTi completed an MOU to works together on projects that fit both of their expertise.

Now if we take all of the facts and mix them up pour them into a bowl and bake for 60 days what comes out of the oven is this.
The Q 3 repost states that the LOI for Digibriks was done on Oct 14.... standard LOI require 45 to 60 days to be completed... 60 days puts us around the 14th of December. The September press release announcing the merger having been unwound states that Affluence as a strong pipeline of potential acquisitions.

At some point before the end of this year we will find out who is in that pipeline and that, IMO, they will be put into the completed LOI for Digibriks along with OneMindNG. Once completed, Digibriks will continue to work along side of MTi, Dell Technology, Orange Business, Global Hitts and other future partners in the IoT, Smart City, Medical and other sectors where this combined assortment of AI services will thrive. The links below will verify all of the stated facts. There is nothing in Affluence future that will include Durham Black, Patrick Shutt or Contrivian those three were part of what was going to be, but no longer will be. MTi will work along side of the new acquisitions, OneMindNG and they will Digibriks, Any other future acquisitions Affluence may make will also be puts into Digibriks as well
.
All of this is just my opinion and until someone or something comes along and shows me something else I am sticking with it. There is not really much any of us can do other then wait...wait for OTCN to be done and the company to get its act together and inform shareholders if this idea is what is going on or if there is something else happening... but they need to do it and do it soon

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Announces-Intent-to-Acquire-Multiple-IoT-Technology-and-Integration-Services-Companies?id=436202

https://www.otcmarkets.com/otcapi/company/financial-report/417068/content

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Subsidiary-OneMind-Technologies-SL-and-Mingothings-SLU-Sign-MoU-to-Drive-Innovation-in-Smart-City-?id=459577

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Announces-New-Board-Members?id=459576

AFFU = bullshit.

There you go... Criss Cross Applesauce... We Need An Update

When all is said and done I am going with the information we have...not the What Ifs and the Maybe's that could come from mixing the past with the present

Fact, in the PR that announced the Merger with Durham Black was unwound James stated they were looking at company's to bring into Affluence still and that 2025 would be a good year for the company.

Fact, James stated that when the merger with Durham Black was put together it was Durham Black who did the LOI to bring Contrivian into the company on the assumption that the merger would go thru. He did not at anytime mention the other three LOI that were announced by Affluence... Those three were being brought in by James and the old board of directors.

Fact, Digibriks was announced by Affluence as being created once the merger was completed. And once created would hold OneMindNG, as well as the 3 LOI that were announced. Contrivian would be a stand alone subsidiary of Affluence and would NOT be a part of the Digibriks subsidiary

Fact, The Q three clearly states that Affluence has issued an LOI for Digibriks... Which is now A software and service company located in Barcelona Spain Its impoetant to note that when James announced when the LOI for the three companys was completed they would, along with OneMind be moved INTO a new subsidiary called Digibriks. Those three were going to make up Didigriks...now the LOI in Q 3 clearly states that Digibriks is now a Software and Service company. So it went from BEING CREATD... to a now functioning company in the software and service sector.

Fact James stated that the OTC with held the ability of Affluence to update the Company Profile until the issue of Control was completed, so the listing of the two new Board of Directors was held up until just prior to Thanksgiving when both of them were listed as Independent Board Members. This was an indicator that control had moved from James Honan, and the previous Board of Directors to the two newly added Board of Directors... what we dont know is how that control is set up. Is Michael Balkin solely in control or does he share control with William Gonyer... my money is on Michael having sole control of Affluence

Fact, OneMind and MTi completed an MOU to works together on projects that fit both of their expertise.

Now if we take all of the facts and mix them up pour them into a bowl and bake for 60 days what comes out of the oven is this.
The Q 3 repost states that the LOI for Digibriks was done on Oct 14.... standard LOI require 45 to 60 days to be completed... 60 days puts us around the 14th of December. The September press release announcing the merger having been unwound states that Affluence as a strong pipeline of potential acquisitions.

At some point before the end of this year we will find out who is in that pipeline and that, IMO, they will be put into the completed LOI for Digibriks along with OneMindNG. Once completed, Digibriks will continue to work along side of MTi, Dell Technology, Orange Business, Global Hitts and other future partners in the IoT, Smart City, Medical and other sectors where this combined assortment of AI services will thrive. The links below will verify all of the stated facts. There is nothing in Affluence future that will include Durham Black, Patrick Shutt or Contrivian those three were part of what was going to be, but no longer will be. MTi will work along side of the new acquisitions, OneMindNG and they will Digibriks, Any other future acquisitions Affluence may make will also be puts into Digibriks as well
.
All of this is just my opinion and until someone or something comes along and shows me something else I am sticking with it. There is not really much any of us can do other then wait...wait for OTCN to be done and the company to get its act together and inform shareholders if this idea is what is going on or if there is something else happening... but they need to do it and do it soon

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Announces-Intent-to-Acquire-Multiple-IoT-Technology-and-Integration-Services-Companies?id=436202

https://www.otcmarkets.com/otcapi/company/financial-report/417068/content

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Subsidiary-OneMind-Technologies-SL-and-Mingothings-SLU-Sign-MoU-to-Drive-Innovation-in-Smart-City-?id=459577

https://www.otcmarkets.com/stock/AFFU/news/Affluence-Corporation-Announces-New-Board-Members?id=459576

OMT= OneMind Technologies
MOT= Ministry of Transport
Mott's = Applesauce

Did you see where Contrivian received another very prestigious award from the IT industry? Yes but we proved some awards were fake and paid by the companies winning the award for publicity

don't you suppose Michael Balkin has any connections with Durham Black? NO
Maybe another Michael as in Michael Dell who knows... NO

The company Affluence Corp, OneMind Technologies, DigiBriks SL needs to go into deep details on how they are going to suceed

Did you see where Contrivian received another very prestigious award from the IT industry? Usually holding companies are existential conduits for high net worth individuals. Long shot I know but, you don't suppose Michael Balkin has any connections with Durham Black or whatever Patrick Shutt calls himself now do you? Maybe another Michael as in Michael Dell who knows... Putting the octopus arms together can sometimes be right in front of you.

OMT = OneMind Technologies
Rich
MOT = Applesauce

Thank you for saving us.

OMG did you take drama in college maybe. You seem awfully good at it.

Can you understand that the companies MTi and MOT are professionally collaborating together as we speak. This underscores the need for a possible acquisition or and/or purchase of a technological asset. That's what AFFU has already told you in October. Your very words were, "there is no merger".

Apparently you know more than the CEO does. Nothing is off the table. If a company comes Jim Honan's way, of course he'll consider any merger possibilities. But it needs to be a very specific technological asset. Like something in healthcare, Generative AI. Something pertinent to AFFU's business plan.

This is absolutely no indication of a merger what soever! Its gobbledygook that they are usi g to mislead people!

A strategic partnership is not a merger!!  This company is misleading people and its lack of transparency is a huge red flag that it is a scam!!

Actually he is right there is a merger, as stated in the Quarterly which should have been put out as a news release with a lot more details.

On October 14, 2024 William Gonyer and Michael Balkin were appointed to the
Affluence Board of Directors.
On October 15, 2024 Mr. Honan remained as CEO of the Company.
On October 14 the Company issued an LOI to acquire DigiBriks, a software
and services company located in Barcelona, Spain.

also in the last news release it did state:
About Affluence Corporation
Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com

Key word investing in businesses

That's a misleading statement. A strategic partnership is already evolving. The there's this from October.

OAK BROOK, IL / ACCESSWIRE / October 7, 2024 / Affluence Corporation (OTC:AFFU) a leader in Smart City Software and Internet of Things (IoT) is providing an update on Affluence post Durham Black unwind.

“As previously stated, we are disappointed that the merger was not finalized. Durham Black had an unwind clause of 120 days and exercised that option.” said James E Honan, Jr., CEO of Affluence Corporation. The Agreement has been unwound as previously announced.

Based upon recent shareholder inquiries, Affluence wants to provide some additional clarification. The LOI to acquire Contrivian was executed by Durham Black under the assumption of a merger with Affluence. It is not a part of Affluence. We are diligently working on other opportunities and will provide updates to the market as we execute against our strategy to acquire and manage technology assets.

About Affluence Corporation

Affluence Corporation (AFFU.PK) is a diversified technology company focused on smart city software and innovative solutions that capitalize on IoT, AI and 5G technologies. We are investing in mid-market businesses to create a cohesive unit which brings together technology for the next generation of internet. For more information go to https://affucorp.com

About OneMind Technologies SL

OneMind Technologies SL is a wholly owned subsidiary of Affluence Corporation. The OneMind Intelligent IoT solution builder is used to create applications for smart construction and smart city operations. Functioning as systems of systems, OneMind connects data sources to one single point of insight to provide real-time information on operational processes. It is a key component in the enterprise solutions currently being offered by several Fortune 50 companies that resell, distribute, and integrate smart city enterprise solutions. The OneMind Smart City solution is deployed in Barcelona, San Francisco, Guadalajara, Oslo and many other cities throughout the world. For more information go to https://www.onemindtechnologies.com

For further information contact Affluence Corporation Investor Relations at +1 720-295-6409

Just a passing observation.

When I tried making a post from a tossing bus. I was surfing in SOS Colorado. Of one thing I'm certain there was only one filing for Invermere (spelling) Capital. On subsequent return to SOS Colorado (Saturday) there was a note posted for financing from The Mercantile Companies Inc. It was dated Jan 30 2024-Jan 30th 2029. I can't say for sure if there was data drop at SOS Colorado or someone at AFFU hadn't posted it for 10 Months . The point is why did it take that long to show up on file with SOS Colorado.

1 possibility is AFFU was getting there books in order with the SEC for a merger/acquisition whatever. As mentioned it could have been data drop and was there since February but just saying this is the first time I have seen the financing note which I find odd and out character.

There is no merger! What are you even talking  about?

The mistake may lie with the OTC Markets, as they have a poor track record of keeping company information up to date. The company itself is doing everything it can on its end, and they may not even be aware that the information has been incorrectly updated. The OTC Markets is not a government agency; rather, it's a private entity that has a history of providing misleading information. That said, anyone with a half-brain still can see the error. It's straightforward, new shares have been issued, and those shares are restricted. It's just a matter of basic math and common sense: the new restricted shares need to be added to the remaining restricted shares. In this case, the TA asked me to contact the company where new shares are issued. The company needs to work closely with the TA to ensure that the increase in share count is accurately reflected in the public records. For companies reporting under SEC regulations, OTCM relies on SEC filings (like 10-K, 10-Q, 8-K, and Proxy Statements) for up-to-date share counts, including outstanding shares and the number of shares authorized. In our case, the company needs to submit periodic updates on their status, which may include share count data, through OTCM's online portal.
OTC Markets typically uses automated data feeds from various sources, including the SEC, transfer agents, and public filings, to ensure that share count data is updated regularly. These data feeds allow platforms, like OTC Markets, to continuously receive and update information without the need for manual intervention.
When a company updates its share count or announces a new corporate action such as issuance of new shares or a buyback, the data is sent to OTC Markets and reflected on its platform.

Hey, you have your own safe harbor statement. funny.

Much respect wolf.....

You seem pretty adamant that the mistake is on the part of (AFFU) the company/TA. Looking back over the last several years it is obvious this company has no regard for it's retail shareholders as it has been all down hill. Seems the whole existence of this company is shrouded in open ended innuendos of what if's and maybe's. But that could be said of every single OTC that trades right? That being said with the track record they have when it comes to transparency. Odds are some shenanigans unfavorable to everyone other than their note holders are the reason behind the discrepancy and the continued multi year decline of it's PPS. Hope your inquiry proves me wrong for the sake of some here who I respect. Eager to see what you find out if you get a response at all.....you shouldn't have to be forced to get that information via certified mail because the company management won't acknowledge and/or reply to your email inquiry on the topic.....



powerbattles Re: TJG post# 8873
Friday, November 22, 2024 9:43:14 AM

Why do the 500 million restricted shares remain unchanged? The new shares issued between July and September are restricted for one year, as clearly stated in black and white—there's no way to fake that. These new restricted shares should be added to the existing 500 million restricted shares. The number is as clear as day.

For the past 3 to 4 share structure updates, I'm surprised that we're okay with the restricted shares remaining unchanged.





powerbattles Re: TJG post# 8877
Friday, November 22, 2024 9:56:50 AM

Thank you and appreciate it. He has not replied to my email. I will be contacting the TA VIA certified mail with a return signature to address this matter with the company and with the TA. It is wrong to mislead investors by report the share count isn't accurate, as this could be considered a violation of the law. Misleading investors about the true share structure can violate securities regulations, such as those enforced by the SEC, and can lead to legal consequences for the company and its executives. Transparency and honesty in financial reporting are critical to ensuring investors make informed decisions based on accurate information.

not exactly as it is a bit more detailed for example had one bought any or let's say averaged down any time during the previous 30 days prior to the sell...the loss would also not be allowed also if buying any other OTC Pink stock after w/i the 30 days time period the loss would also not be allowed
"substantially identical"

I think it all stims from helicopter parenting!...and I am not kidding when I say that.
That’s your decision, and you need to take full responsibility for your own actions.
There’s no need to blame others for your own mistakes.

OTCN stepped off to .0022... thinking INTL showing actual size now.

Let's Go !!

Best stock in OTC and it's still trading at .001? 
Wtf ?

imo 

I never asked you to come here or to buy AFFU shares. You made the decision to buy because you were watching the stock for a week and saw it rise. The first move was from .0015 to .0065, and the second was from .0025 to .0058. You bought during the second upward trend and unfortunately lost money. That’s your decision, and you need to take full responsibility for your own actions. As I've said many times before, I'm focused on the merger, and if it doesn’t happen, I’ll move on. There’s no need to blame others for your own mistakes.

I don't question why you're here, as that’s none of my business. Whether I'm here or not shouldn't be a point of debate. EMG*E hasn’t dumped any shares in over a year. In fact, the company’s share structure has remained unchanged since May 10, 2023 – 18 straight months without any dilution. This is super rare. There might be no other OTC pink sheet company that has gone this long without dilution. Moron, Be smart! Get your head out of the sand and make sure you know stuff before spilling untrue inaccurate statements deceiving garbage nonsense.
What I choose to do with my investments is my business. If you don’t like the stock, then move on. Don’t blame me for your losses.

I sold, you can choose to believe me or you don't, I don't care and I am not disgruntled either, couple thousand loss here, doesn't break my bank, the only reason PB is here, just like with his other dud, EMG*E, he has been on every OTC with massive dilution after dilution. It should make you wonder why?

Yeap for sure!...I bet that catches many off guard and during the hype of the new play they assume or hope that it isn't identical enough to apply and just go for it.
Many seem not to & along w/ the 30 days prior (as an example...someone buys in an attempt to avg down then decides to sell & move on w/i that prior 30 day timeframe)
Then there is this especially as it applies to most OTC traders over my years. Sell an OTC stock for as loss to chase another hopeful OTC hottie

A "wash sale" occurs if you sell a stock, bond, or other security at a loss and then buy the same or a "substantially identical" security within the 30-day window.
The Purpose of said:
The rule exists to prevent taxpayers from realizing artificial tax losses while retaining an identical or nearly identical investment position.

You are so correct the focus needs to here on Affluence Corp

I just got a private message so will answer it here as it is related to this topic... Someone asked if doing a wash sale was a crime... the only crime is if you try and claim the loss when the loss came from a wash sale... and if you do your own taxes, the IRS does not care if you did not know there was such a thing as a Wash Sale... just dont sell for a loss and then buy back in before the 30 days are up and you will be fine as far as the IRS is concerned.

Many seem not to & along w/ the 30 days prior (as an example...someone buys in an attempt to avg down then decides to sell & move on w/i that prior 30 day timeframe)
Then there is this especially as it applies to most OTC traders over my years. Sell an OTC stock for as loss to chase another hopeful OTC hottie

A "wash sale" occurs if you sell a stock, bond, or other security at a loss and then buy the same or a "substantially identical" security within the 30-day window.
The Purpose of said:
The rule exists to prevent taxpayers from realizing artificial tax losses while retaining an identical or nearly identical investment position.

removed by author ... focus needs to be here and not on the past Merger debacle.

Last year there was an issue with the Share Structure not being updated for a month.. I reached out to the TA and with the help of the RM for Affluence that issue was resolved. I sent him an email this morning and he just replied back.

They are looking at the numbers for the last two updates on the OTC and if there is an issue they will update them ASAP.... so I will keep checking on a regular basis. As can anyone else who wishes to do so by clicking on this link... the current share structure was posted 11/15, you will be looking for a more current date when you check

https://www.otcmarkets.com/stock/AFFU/security

Patrick is from the United Kingdom
I think Mary is too.

Even Patrick moved on as he is Co Founder & CEO at Resolute CS
Somehow he did the acquisition of iceblue internet in the United Kingdom

I don’t know if he actually came up with the funds and completed that purchase or not but there was news out on that on his linkedin.
He still did not get Contrivian as he had wanted

Now I knew of the wash sale rule but not this part...therefore, that would also include different stock exchange broker accounts.
This includes trades made by your spouse or in accounts you control (e.g., IRA, 401(k)).

The wash sale rule is a regulation by the IRS in the United States designed to prevent taxpayers from claiming a tax deduction on a security sold at a loss if they repurchase a substantially identical security within 30 days before or after the sale.
the below some perhaps do not know
Timing:
The rule applies to repurchases made 30 days before or after the sale. This includes trades made by your spouse or in accounts you control (e.g., IRA, 401(k)).

My intention was not to imply incompetence, but rather to highlight concerns around transparency and the accuracy of the reported information. If there has been any misunderstanding or mistake, it’s crucial that the matter is addressed swiftly and clearly.

As for the direct outreach to the Transfer Agent via certified mail, I have indeed taken that step, as promised, in an effort to clarify the situation and ensure that the proper information is provided. It’s in everyone’s best interest to resolve them promptly. I'm hopeful that the Transfer Agent and AFFU management will respond with the same level of urgency to clear up any confusion and provide a transparent explanation.

All they really needed to do to make this PPS double from where it is was to officially announce the Digibriks LOI...they chose to bury it in the 3rd quarter report... and they did not mention just what it is the plan for Digibriks is... there is nothing anywhere that tell us what it does...what is the purpose for it and what will Affluence do with it once the LOI is completed... to just be so vague with so many things that are going on... it makes no sense... everything thing they do is a secrete. We get new BOD and there is nothing about why they took control, what their plan is for the company ...nothing except that they have great accomplishments in the past... Well Patrick Shutt had a nice resume from the past and that proved to be a bust... its just exasperating.

It is all on the company Affluence Corp to support AFFU stock shares to get back above where it should be. It is in no way the investors job.
I am sorry that is still stuck in my head where the company CEO felt it was our job to support AFFU while all along they were doing nothing but adding new shares driving it down.

It is time for them to get the new contracts, get the revenues coming in, make the profits and get a PE like DELL of 22 or NVDA 54 and start buying their stock back.

I really think they are working in the background getting things in order. I think the next Quarterly report will blow away expectations. I think they purposely didn’t take payments for jobs completed just so they can report in the next quarter.
Their receivables is just about what the market value is. It is way undervalued at this point.
All Affluence Corp has to do is get marketing

Just another POS!!

the new board members hate shareholders, lol...

I agree, they brought in this hot shot new board of directors duo and they have not done an damn thing.... and unfortunately there are a ton of OTC traders who have no clue what the wash sale rule is... they do not know that if you sell today you can not claim the loss if you buy back in before 30 days passes... I still see a lot of people thinking they can buy back as if its the first time they have bought the stock...

But its all on the company now... this board and all of those on it have done everything possible to keep this out in the publics eye and show the potential that is here.. they on the other hand have done nothing to help move this... and yes the constant dilution is there real killer here.

Most of the retail that wanted to sell for a tax write off and get in for the January run would have sold already.
Any retail selling for a tax write off is not looking to get back in until a month or more after selling.
As long as OTCN is selling the new shares that AFFU has added the in the last quarter or this quarter that we don't know about yet, yes this will be a long month.

But it doesn't have to be a long month!
All AFFluence Corp and OneMind Technologies and or DigiBriks has to do is to get back out there and post on LinkedIn every other day, Get Contracts, Get News out on the major wires, Post on X (former Twitter), Heck even get news here on InvestorsHub NewsWire, but most important stop issuing shares that flood the market and kill the companies.

Until then we are all stuck here until the company gets their act together. We all know they read these boards, they just need to act on it.

The bottom may be in but the retail sellers are still trying to get out for the tax wright offs. Mix that in with OTCN still hanging around at the top and its going to be a long month...

Are you trying to establish the premise that OTCN has stopped screwing over Retail. Or is this pure speculation. 🤹

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