Big Brother
6 years ago
It would not have needed one back in 2016, this thing use to move on air, I think I was the only iHubber in it when it ran from .25 to $1.50.....however, since there here has been a lot of baggage, convertible debentures and such. NuLife paid everyone in shares, and entered into loads of death spiral financing type deals. So I was actually thinking 1:10 was pretty generous considering, the new folks could have totally wiped out the shareholders if they wanted.
I think your seeing CD holders dumping shares prior to the reverse split right now, question is, is it worth buying now during the fire sale...1:10 really isn't that bad, granted most r/s don't ultimately work out, but maybe this could.....hard to say....almost tempted to try and grab some again.
Quintessence
6 years ago
California company completes merger with Lafayette-based security firm, could move all operations to Louisiana
https://www.theadvocate.com/acadiana/news/business/article_de429ffc-cbc8-11e8-aa07-0f74e9ebc3d1.html
A California biomedical company has completed its acquisition of Lafayette-based LJR Security Services and its wholly owned subsidiary, company officials announced Tuesday morning.
NuLife Sciences closed its merger with the electronic security company along with Gulf West Security Network, also headquartered in Lafayette, on Monday. NuLife, a publicly traded company that focuses on medical research and technology, made the move to expand into the rapidly growing life safety and security industry, according to the company announcement.
Big Brother
6 years ago
10:1 Reverse Split coming
On September 5, 2018, holders of a majority of the voting shares of the Company’s capital stock approved a 10 to 1 reverse split of the Company’s Common Stock (“Reverse Split”), meaning that each 10 shares of Common Stock will be consolidated into 1 share of Common Stock following the reverse split, provided however, that fractional shares would be rounded up to the nearest whole share. Notice of the action taken by holders of a majority of the voting rights of the Company was provided to non-consenting shareholders in accordance with Nevada law. Holders of Series A Preferred Stock waived their rights to vote thereon.
https://www.otcmarkets.com/filing/html?id=12973992&guid=I5JZUFrm_AusYth
https://www.otcmarkets.com/filing/html?id=12973985&guid=I5JZUFrm_AusYth
john12341
6 years ago
yes the shares are locked. the dilution i am talking about will come from a toxlc loan or bridge loan as the company is going to need some capital to run there operations. so yes this will run with some dilution.
here is were i got my inference on this mater.
NOTE 3 – GOING CONCERN
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. For the nine months ended June 30, 2018, the Company had a net loss of $3,883,941. As of June 30, 2018, the Company had a working capital deficit of $297,214 and an accumulated deficit of $10,489,546. The Company does not have a source of revenue and does not anticipate having one in the near future. Without additional capital, the Company will not be able to remain in business within the next twelve months.
These factors raise a substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. The accompanying financial statements do not include any adjustments to reflect the possible future effects on the recoverability and classification of assets or the amounts and classifications of liabilities that may result from the possible inability of the Company to continue as a going concern.
Management has plans to address the Company’s financial situation as follows:
In the near term, management plans to continue to focus on raising the funds necessary to implement the Company’s business plan. Management will continue to seek out debt financing to obtain the capital required to meet the Company’s financial obligations. There is no assurance, however, that lenders will advance capital to the Company or that the new business operations will be profitable.
The possibility of failure in obtaining additional funding and the potential inability to achieve profitability raise doubts about the Company’s ability to continue as a going concern.
In the long term, management believes that the Company’s projects and initiatives will be successful and will provide cash flow to the Company, which will be used to finance the Company’s future growth. However, there can be no assurances that the Company’s planned activities will be successful, or that the Company will ultimately attain profitability. The Company’s long-term viability depends on its ability to obtain adequate sources of debt or equity funding to meet current commitments and fund the continuation of its business operations, and the ability of the Company to achieve adequate profitability and cash flows from operations to sustain its operations. Substantial doubt has not been alleviated from management’s plan at this time.
source of info its on the bottom of page 10 top of page 11
http://ih.advfn.com/p.php?pid=nmona&article=78106145
Big Brother
8 years ago
I don't follow as closely anymore but still check in from time to time. It took months but they finally pulled VNDM off the ask, so theoretically the stock could move again but now there is limited volume or interest.
For what it's worth though, the price has held up far better than I thought, I figured it would at least be back in the .20's by now.
IMO these guys need to pony up for a big direct mail stock awareness campaign. The DD here is compelling, there is no question about that, and would look pretty damn interesting on a hard mailer. I'm not talking about a $50K couple day pump, like Cahill did in TLLT, but a $1M+ promo, they would make their $$$'s back easily and then some. This is still one of the most interesting looking stocks on the OTC.
Personally I would contact CDMG Inc to get some more eyes on this.
http://cdmginc.com/
Big Brother
8 years ago
8K and 8K/A filed today, another $145k in convertible notes issued. It looks like all convertible notes ($685k+ interest) now convert @ .11 cents per share.
So potentially over 6M shares could be converted on a thinly traded stock.....
From November 18, 2016 to December 3, 2016, NuLife Sciences, Inc. (the “Company”) entered into those certain Note Purchase Agreements (collectively, the “Purchase Agreements”) in connection with the issuance of certain convertible promissory notes (collectively, the “Purchase Notes”) in the aggregate principal amount of $540,000. All of the Purchase Notes are due upon demand, provided however, that the holder thereof can’t make demand until after Ninety (90) days from the date of issuance (the “Maturity Date”). The Purchase Notes bear interest at the rate of 8% compounded monthly. The Purchase Notes, together with all interest as accrued, are each convertible into shares of the Company’s common stock at a conversion price of Eleven cents ($0.11) per share. The Purchase Agreements and the Purchase Notes contain representations, warranties, conditions, restrictions, and covenants of the Company that are customary in such transactions with smaller companies. Copies of the Purchase Agreements and Purchase Notes are included as an Exhibit hereto.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11767066
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11767070
Big Brother
8 years ago
While I don't like the way this trades, to be fair, it has had 2 good runs in just a few months .12 - .50 and .25 - $1.25.
You could have basically bought all day @ .25 when this was SMFI and sold prob all day as NULF @ .50+. So in that sense if I saw Fred Luke Sr or Jr involved in another stock, presuming I could get in early, I'd buy that without question.
Long term investing is another story, the Lukes do not have a good long term track record at all, Nona Morelli/NuOasis Resorts was not kind to shareholders, folks lost everything there. GACR was also a disaster, though there was some early opportunities to make money, long term though not good.
Big Brother
8 years ago
Considering all the shares that have been sold surely these guys could afford to hire a web developer or at least light a fire under the arse under the one they have, if they do indeed have one.
Perhaps they are using VNDM as a road block again @ .75, just as they did @ .25, then open it back up when the website comes online....?? I really have no clue what their strategy is, it's impossible to figure it out. I personally never see a good reason to hold a stock back from running, however, they seem to do that frequently.
They have done a good job at bringing in buyers thus far but their share mgmt has been lousy, way too many shares sold for too cheap.
Big Brother
8 years ago
VNDM up to his old games again, doesn't let any retail folks sell @ the ask, always undercuts them.
Which I guess is good news, if you are patient and want cheaper shares, retail will eventually get desperate and go low or sell at the bid. NITE has been trying to unload his shares for days, probably got filled @ .259 like so many others.
Big Brother
8 years ago
It will be interesting to see what the next few trading sessions bring. From what I have observed, VNDM is essentially the 'Ax', he controls the price action. If he wants this to pull back, as what happened when SMFI started running, then it will pull back. If folks continue to hit the ask, he'll move out of the way and let the pps increase.
So in hindsight I guess we can now surmise the .26 blockade was put on to prevent SMFI from running........ for whatever reason, they must have wanted the run on NULF.. not.. SMFI and now the floodgates have opened.
I can't recall ever seeing anything like this, other than the big stock promotions, back in the day, where promoters were able to load up early and cheaply. However, the loading here was different, unlike those promotions it appears as though actual long term investors were buying this.
Here is my question though, did those early investors know that the floodgates would be opened once the name change was official...?? To the average Joe investor, it just looked like typical penny stock dilution. If they knew and we did not then I call BS, because IMO it's a form of manipulation. I would have loaded the boat if I had known eventually this would be allowed to trade properly. I'm sure a lot of others would have as well.
My complaints have nothing to do with the actual due diligence here, only the trading action itself. From a DD perspective, Gandy's research, has always been incredibly compelling and exciting stuff.
Big Brother
8 years ago
Finally starting to see a little profit taking in the $1.10 - $1.25 range, honestly not too bad, if there had been more iHubbers involved we would have seen a lot more bidwacking and long before that. So I guess in a way I'm glad I couldn't get any one from iHub interested, even at .15 cents and under. Still, this is where all those cheap shares sold in the .25 - .50 range start coming into play.
Don't think I'll never understand why Hollister and the Luke's did what they did prior to the name change, why they held this back, but honestly I can't complain at this point, they still pulled off a fantastic run......and it's just starting IMO.
Big Brother
8 years ago
$1.00 up.
Well obviously now I regret not buying more shares, but it could not be justified given the inexplicable trading activity, parking VNDM on the ask and blocking it from running....it was mind boggling. Especially after I, through extensive DD, uncovered what was happening back in October and made it public here on the board.
Perhaps they were not ready for folks to find out yet back then, or they didn't want it too take off just yet, regardless they should have let it go rather than blocking it IMO.
Granted it has not hurt the run thus far, but eventually those shares sold in the .25 to .50 range are going to slow the progress, and did kill the initial momentum. I would have preferred they did private placements above $1 rather then sell a couple hundred thousand cheap shares on the open market.
The potential was always here, anyone should have been able to see it but it was obscured by the crazy trading activity.
Big Brother
8 years ago
Missed the PR about the name change yesterday, iHub didn't pick it up for whatever reason.
SmooFi Announces Corporate Name Change to NuLife Sciences, Inc. and Stock Symbol Change to "NULF"
SAN CLEMENTE, CA--(Marketwired - December 07, 2016) - SmooFi Inc. (OTCQB: SMFI) today announced that FINRA has approved its corporate name change to NuLife Sciences, Inc. as well as a change of the trading symbol of the Company's common stock. Effective Thursday, December 8th, the Company's shares of common stock will commence trading on the OTC Markets under the trading symbol "NULF" and CUSIP number 67054M105.
The name change was the result of the close of the Asset Purchase Agreement through which NuLife acquired all of the assets of GandTex, LLC, a company with biomedical IP focused on advancing human organ transplant technology and medical research.
"We are moving forward as NuLife Sciences, a name that better reflects our focus on a unique patented proprietary method, the 'NuLife Technique', that could potentially eliminate the need for an organ or tissue match and the necessity for anti-rejection drugs in human organ transplant," said John Hollister, Chief Executive Officer of NuLife Sciences. "With over 123K candidates waiting for an organ in the U.S. alone, the market need is great with a potential to use discarded or marginal organs. With the Discovery phase completed, we now intend to enter a Preclinical phase involving animal experiments in collaboration with Florida International University and Nova Southeastern University. We look forward to updating investors as our progress moves ahead."
About NuLife Sciences
NuLife Sciences is a biomedical company focused on advancing human organ transplant technology and medical research. NuLife has a patent protected unique proprietary method ("NuLife Technique") that could potentially eliminate the need for an organ or tissue match and the necessity for anti-rejection drugs. With a massive need and market for organ transplants, and over 123K candidates waiting for an organ in the U.S. alone, NuLife's versatile technique is suitable for a variety of clinical indications. The Company has completed discovery phase for its technique, and is now entering a Preclinical phase involving animal experiments on its pathway to commercialization. NuLife Sciences will also provide an online marketplace and community to assist in creating jobs and enable entrepreneurs and service providers to offer health related products and services within local markets.
Safe Harbor
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties, many of which are beyond the Company's control. The Company's actual results could differ materially and adversely from those anticipated in such forward-looking statements as a result of certain factors, including those set forth below and elsewhere in this press release. All statements, other than statements of historical facts, included in this press release regarding the Company's growth strategy, future operations, financial position, estimated revenue or losses, projected costs, prospects and plans and objectives of management are forward-looking statements. When used in this press release, the words "will," "may," "believe," "anticipate," "intend," "estimate," "expect," "project," "plan" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. All forward-looking statements speak only as of the date of this press release. The Company undertakes no obligation to update any forward-looking statements or other information contained herein. Potential investors should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, intentions and expectations reflected in or suggested by the forward-looking statements in this press release are reasonable, the Company cannot assure potential investors that these plans, intentions or expectations will be achieved. The Company discloses important factors that could cause the Company's actual results to differ materially from its expectations under "Risk Factors" and elsewhere in this press release. These cautionary statements qualify all forward-looking statements attributable to the Company or persons acting on its behalf.
Contact
Investor Relations
Ted Haberfield
MZ Group | President - MZ North America
Direct: 760-755-2716
Mobile: 858-204-5055
thaberfield@mzgroup.us
www.mzgroup.us
http://www.otcmarkets.com/stock/NULF/news/SmooFi-Announces-Corporate-Name-Change-to-NuLife-Sciences--Inc--and-Stock-Symbol-Change-to--quot-NULF-quot-?id=146539&b=y
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