oldstocks
1 hour ago
What is Michael Balkin working on merging with Affluence Corporation
1. The number 1 rule is to not trust ai chat for answers. With that said this is ai chat response.
The truth is somewhere in between the lines, some is just the past, some is the future and some could be false so take it with a grain of salt.
What is Michael Balkin working on merging with Affluence Corporation?
Michael Balkin is currently working on a new merger for Affluence Corporation. While specific details about the merger haven't been disclosed yet, it's clear that Balkin, who has significant capital and experience in capital markets, is taking a leading role in the company's strategic direction1.
Would you like to know more about his background or any other details related to Affluence Corporation?
Does Michael Balkin know Patrick Shutt?
Yes, Michael Balkin and Patrick Shutt have worked together in the past. Patrick Shutt was involved with Durham Black Inc., which attempted to merge with Affluence Corporation under Balkin's leadership. However, the merger was unwound in September 2024 due to unmet closing conditions, and Shutt subsequently resigned from his position1.
Would you like to know more about their past collaborations or any other details?
Who is working on the DigiBriks SL merger
The DigiBriks SL merger is being led by Affluence Corporation in collaboration with OneMind Technologies. They have reached an agreement to acquire three IoT technology companies to form a new company named Digibriks. Upon completion, Digibriks will become a wholly owned subsidiary of Affluence, integrating connectivity solutions, IIoT platforms, and digital twin technologies with OneMind Technologies1.
Would you like to know more about the companies involved or the benefits of this merger?
Yes I would like to know more about the companies involved or the benefits of this merger? Yes
The DigiBriks SL merger involves Affluence Corporation and OneMind Technologies acquiring three IoT technology companies to form a new entity named Digibriks. Here are the key details:
Companies Involved:
1. Company A: Specializes in crafting valuable ecosystems through robust IoT software and networking solutions.
2. Company B: Focuses on interconnected systems, solution development, and network optimization.
3. Company C: Provides engineering, integration, and implementation services.
Benefits of the Merger:
1. Enhanced Technology Platform: The merger will integrate Digibriks' connectivity solutions, IIoT platforms, and digital twin technologies with OneMind Technologies, creating a dominant product in multiple industries.
2. Expanded Market Reach: The new entity will have access to a large installed base, a growing network of world-class partners, and a large reseller and distributor network.
3. Improved Financial Performance: The combined companies recorded approximately $5 million in revenue and over $1 million in EBITDA in 2023. The merger is expected to add to top-line revenue, positive earnings, and cash flow1.
4. Operational Efficiency: The merger will take advantage of economies of scale, resulting in a more efficient operating cost structure for all four companies.
5. Broader Integration Capabilities: The merged solutions will expand beyond the Smart City space to develop new opportunities in Telecom and Manufacturing.
This merger aims to significantly grow Affluence Corporation's market presence and enhance its technology offerings.
Does this cover what you were looking for, or is there something more specific you'd like to know?
With that said Patrick Shutt and Grant Kirkwood are no longer in the picture. The future is looking bright without them.
TJG
2 hours ago
Morning everyone ... Hopefully the news is spreading that OneMind did in fact preform its duties during the last quarter, even though there is only $16,000 in the revenue column. The Accounts Receivable show $670,000 owed the company for service performed. Due to the NDA that was inforced during the Durham merger fascio OneMind did not book its revenue and will inturn book it for the 4th quarter, or year end.
There is a new Interim CEO Ignasi Vilajosana and we have the OTC Company Profile page updated with the new completed BOD.. There is a LOI for Digibriks that has been filed, its in the 3rd quarter filing and the MOU with MTi has been signed ... and for those that missed it Michael Balkin is a person who seems to support the companys and stocks he represents. He is on the board of directors for Horizon Tech Finance Corp...symbol HRZN and on Aug 8 he filed a form 4 for $105,000 for shares in HRZN he bought on the open market.
Balkin is a player and I do not think he jumped on our board as a Independent Board of Director just out of boredom .... he has something to do with where this is going or he would not be here. Can find a better priced stock that has his kind of backing power, works with Dell, Orange Business, Global Hitts and MTi and sells for .0014 At some point in time the dam is going to break and this will move back to where it was for over the past 2 1/2 years.. Keep the positive vibe going folks and ignore the ignorance that some are spewing... there is no way on Gods Green earth anyone who claims to have 12 million shares would bash their own stock like what has happened last night and over the past few days... Let common sense prevail and Good Luck, I have used the ignore button and can verify that it works.
GolfnutBoston
11 hours ago
Naught for nothing, what was that kumbaya moment earlier with TJ and PB all about ?
PB mentioned after 25 yrs he hasn't had much success. Probably a student of TJ looking to bullsh-it people to try to make money off of them.
The irony is that I was accused of having a character flaw, go figure.
I understand I was never held in high regard in this group over the past couple years, but at least I was honest but nobody in a messsg board cares.
Maybe we can salvage something out of this.
All of these posts are my opinion only.
I call it like I see it. Maybe I'm wrong with all of this. Hope there's something to salvage, if not, oh well it was a risky.
Happy trading tomorrow. Cheers, having a Guinness and Jameson, Slainte !
RichieBoy
11 hours ago
For want of a better word I'll call it an anomaly.
In latest filing, the first nine entries are for a LOAN EXTENSION of 63,000,000 restricted shares except for James Vandenberg who makes AFFU a LOAN (presumably his first) in exchange for 15,000,000 restricted shares. Further down Michael Balkin makes a BRIDGE LOAN for 8,000,000 restricted shares . The last three entries in the table of issued shares should look familiar they are for Doug Stukel, Bosak-Porter Realty and George Mellon. These repeat parties represent 14,000,500 restricted shares. They are issued for DEBT RESTRUCTURING.
In summation these cumulative notes of debt all add up to 100,000,500 restricted shares AFFU owes.
This debt anomaly cunningly coincides with MTi's elephant in the room DIGIBRIKS being reopened.
This group hasn't been right what will come next twice in a row now so I won't say this comes next. But I will say the following could explain why AFFU's recent evolvements has been so difficult to predict.
It is with reasonable probability however that soon I speculate DIGIBRIKS will have (at least) one company within it's grasp. Fish ON🪝
✋ You may not agree that's fine. But the next speculation may sound more ridiculous still, may not. That's fine too but tonight at this juncture I also speculate AFFU could be restructuring itself as it's very own Holding Company orchestrating (get it?) work between AFFU & MTi in collaboration with companies hand chosen to work alongside AFFU & MTi inside DIGIBRIKS.
Wait for it ✋ Aww to Hell with my critically acclaimed reputation. Let's go for for the triple play. How does Patrick Shutt as CEO grab you. Well wait there's more. How does Grant Kirkwood as a director sound. No? Ok President, Vice President whatever Patrick wants to call Grant.
Oh yes why the 100,500,000 restricted shares. Why not an even 100,000,000 shares? Great question, damned if I know man. I'm merely speculating while we wait for AFFU to get it's act together before I pull my hair out, remember? I've been waiting this long! 🤷
TJG
14 hours ago
Read this and remember the merger was announced completed in May but was never completed due to the Control Issue with the OTC and then the wait for the unwind to be finished which was August. Now read this and if you still dont think its what happened your just not wanting the truth
Search Labs | AI OverviewYes, it is very likely that a company involved in a merger would be under an NDA (Non-Disclosure Agreement) that would hold back on sharing detailed billing information until the merger is finalized, as this information is considered sensitive and confidential during the negotiation process. Key points about this practice: Protecting sensitive data:During a merger, companies share crucial financial information like billing details, which could be used to their disadvantage if disclosed prematurely. NDA terms:The NDA will clearly outline which information is considered confidential and specify the duration of the confidentiality obligation, usually until the merger is completed or a certain timeframe after. Legal implications:Violating an NDA can lead to legal consequences for the company that breaches the agreement
powerbattles
14 hours ago
No, Accounts Receivable (AR) should not be counted as income. Accounts Receivable is recognized when payment is expected but not yet received. 3 Months Ending 9/30/24 Accounts Receivable $676,232 Here is why. Accounts Receivable represents money owed to the company by its customers for goods or services already delivered, but not yet paid for. It is considered an asset on the balance sheet, not income.
Income (or revenue) is recognized when goods or services are provided, typically under accrual accounting. This is when revenue is recorded, not when the payment is received.
$676,232 Receivable represents money owed to the company that soon will be recorded as revenue. Therefore, I don't see anything to worry about or be concerned about here.
OS, I see your point of view. Some people struggle to understand financial statements and fail to grasp the concept of Accounts Receivable. They see a low revenue number and panic unnecessarily, without fully understanding the situation.
powerbattles
15 hours ago
OneMind AL Technologies provides software for smart cities. These technologies are built to remain relevant over time and are not designed for quick, overnight profits. If they secure a contract, it could take months or even years to integrate their system into the city's existing infrastructure. The revenue model is based on a one-time build-out, followed by ongoing use of the software, with regular upgrades and maintenance. Anyone with a clear understanding of the business should recognize this. Debating the revenue at this stage is unnecessary, only wasting time and creating unnecessary fear among newcomers who are still learning about the company's operations.
powerbattles
15 hours ago
Yes, sir, I’m truly grateful to know you, and I deeply respect your service to our country. I’ll always tip my hat to you. I was born and raised in Vietnam, and for years, I tried my hand at investing and trading stocks, but without much success. A big part of that was my lack of knowledge, and English being such a difficult language to master. It’s embarrassing to admit that after 25 years, I still haven’t found success.
I’ve had a few wins, but at the end of the day, I’m not making any real money. Let me tell you, those so-called “heavy hitters” are often the ones who end up broke. Yes, I was one of them. I was in on almost every run-up stock, my friend thinking I was filthy rich, but the truth is, I was broke. At one point, yup, after 25 years, I realized my mistake: Can you believe that? It took 25 years to realize I spent 100% of my time chasing the hype, the "mojo," and little of my time on due diligence. The reality is that just one good stock can change your life, so why not focus all your time on proper research?
How many of us have found a great stock only to miss out on the big gains because we got shaken out? That’s because we didn’t have a clear plan or direction. Without due diligence, we won’t make it. Only through thorough research will you stay in the game and find true success.
The truth is that success follows when you have a clear plan and a defined direction.
I believe the true joy comes from sharing knowledge with others...it’s more rewarding than anything else.
Thanks for everything you have done for us here.
Risk
17 hours ago
Haha :)) I don't know he meant you ;)) I saw you fought for him.
I think I am going exercise patience and I know there are some pressing questions but I will let the company focus on these mergers and expanding business.
For some reason, I have feeling we will soon leave these sub pennies and move to a decent evaluation. Optimissim includes
We are still good on the outstanding
Connection's with biggies
Triangular Merger as PB says
Connection with dell and other techs etc...
Folks like PB and other constantly sharing the DD and shows postive sentiments
Imp for me TJ ... (because of him i blindly went it all not even looking anything or even doing any DD) yet positive on this and I listen and respect him with many here you, OS, PB, George, RB(our Richie), recently I like bad wolf and many others. I see lot of good folks around that want this to be successful .
Let's go let see the Rocket ship. Take us to the kingdom of heaven .. that is within you ( Jesus) so we need to look within?? :))
powerbattles
17 hours ago
Thank you appreciate the update. Here is more info about Digibriks.
Digibriks is a new form company therefore, we won't see anything out there yet. However, it is clear to say Mingothings International is the registered (IONOS SE) owner of Digibriks.com. Mingothings.com.
https://www.whois.com/whois/mingothings.com
https://www.whois.com/whois/digibriks.com
The website for MTi, stands for Mingothings International. Look like Mingothings International (MTi) is integrated into OneMind Technologies and the new name becomes Digibriks, it’s poised to become a major market leader. This would be a great outcome for us shareholders. Mingothings.com offers a wealth of technology and services, which only adds to the HUGE potential.
Ignasi Vilajosana is CEO of Worldsensing and co-founder of Sensefields now is the CEO of OneMind. All the connections are there to see. If Worldsensing, Digibriks, and Affluence become one family then we hit the JACKPOT here.
powerbattles
17 hours ago
Thanks, I wasn't here at the time, so I can't speak to that. But my point isn’t about Stephane Eyme, the CEO. He needs to go, along with Jim.
OneMind AI's technologies are proven and have been successfully used by Dell, so there’s no question about their value. However, since AFFU took control of OneMind, the business seems to be stuck. Part of the problem is a lack of working capital, and the attempt to form a partnership or merger has fallen through.
We already anticipate low revenue, so that's not a key issue to discuss. The Monkey bringing up negative revenue is just trying to plant doubts and distract everyone. It feels like these distractions are steering us off course. To be clear: I’m here for the merger—if it doesn't happen, I'm out.