Yuenglings Ice Cream Corporation (CE) (YCRM) News

You are 100 percent correct. Rick Jordan has run this company into the ground due to his greed and incompetence.

I totally disagree about the reverse split that you think might be coming. Our share structure is so low and attractive and they do need to get this price up and to bring in investors. This way that toxic lender can get paid. A reverse split would flag the stock and definitely Minimize the interest here. They need attention in a good way not a bad way. 

Once all is filed, be on the look out for a reverse stock split....IMO.
If you can, get your money back and run. Let the dust settle and let them reorganize.

Seems like that's right, but I honestly quick keeping up with their filings, while they are in the Penalty Box.

And then the lender can start dumping all the shares in May? Am I right about that timeframe?

Well, on 11-18 he got Q1 out. On 12-19 he got Q2 out. If it holds, he should get Q3 out any day.
That said, better give him an extra month for the K, so maybe March? 🙄

Happy New Year! I see someone bought 100 shares and raised the price lol. Made me $8500 yesterday on it but can't do anything with it lol. Here's to getting off EM!!!!

Happy New Year, everyone!
I'm hopeful the auditors continue to be on pace and we'll see Q3 '24 next week and Q4 '24 by 2/15.
Lets get this stock off EM, Rick!!!!!

That' staemwnt is literally in every penny stocks filing- just saying 

Hahaha, this guy needs a smacking! What a useless piece of shit he is.

I'm no Therapist, but is this what they call projecting?

https://x.com/mrrickjordan/status/1868785802144034922

The problem is Rick Jordan is a piece of shit. Replace him with someone who is capable of running a business and we should be ok.

These factors raise substantial doubt about the Company’s ability to continue as a going concern. Page 8, Note 2

Page 35: Net loss

We incurred a net loss of $1,637,434 for the three months ended June 30, 2024, compared to a net profit of $229,088 for the three months ended June 30, 2023. Our net loss was due to intangibles impairment, higher compensation, increased interest expense, and a greater loss due to issuances of securities having embedded derivatives.

Compensation

We had $2,057,472 in compensation for the six months ended June 30, 2024 compared to $211,892 of compensation for the six months ended June 30, 2023. Stock compensation expense was $0 and $52,500 for the six months ended June 30, 2024 and 2023, respectively.

Page 32: Tax Levy



In October, 2024, the Texas Comptroller’s office placed a hold on Red Gear’s Chase and GECU bank accounts. As of November 15, 2024, the amount of the hold is $234,378.22. This hold is due to a sales audit conducted by the Texas Comptroller’s office from November, 2019 through April, 2023, which is prior to ReachOut Technology’s acquisition of Red Gear’s in October, 2023. Additionally, the last extension to the audit was signed by the previous owners of Red Gear on September 8, 2023, less than a month prior to closing the transaction. This audit was not disclosed in the purchase agreement and violated the Representations and Warranties made by the sellers. This matter has been added to ReachOut’s lawsuit filed against the previous owners.

My gut told me that with all the "audits" going on and once 3/31 came out, I did think we'd see 6/30 and 10/31 follow closely behind 3/31. My current thought is that we'll see 10/31 soon and 12/31 by 01/31/25 but that's just my gut and only my opinion. I don't have any written knowledge or otherwise to qualify my observation.

If it does happen, I wonder if we're off EM by February? Would love to others thoughts as well.

Better late than never...what does everyone think?

It appears 6/30/24 is now filed. Wow...
https://www.sec.gov/ix?doc=/Archives/edgar/data/1624517/000182912624008430/yuenglingsice_10q.htm

Nope..I haven't heard or seen anything.

Has anyone heard any updates from Riick on telegram or wherever he was set up 

Talk about what others are doing wrong, when it's what you are actually doing.
Somehow sounds familiar. lol

He makes me want to 🤮. How on Earth.....can he post crap like that? Good grief.

I think he's just broadcasting his own therapy. Very very strange.

Shareholders, not so much? https://x.com/ReachOutIT/status/1862136869422534812
(Notably not included IMO.)

HellloooO - https://x.com/mrrickjordan/status/1863349904099176543

Undoubtedly, the irony is lost on him: https://x.com/mrrickjordan/status/1862896960379785686

No thanks. All this stuff is such a scam. It's not just RJ, there are plenty of people that pumped and dumped YCRM. Shameful and disgraceful.

Time to look into $SDCH SideChannel as legit public cyber company. Their 10K and IR call happens next Thursday 12/5.

Unfortunately even I can’t save you from losing all your money on Rick Jordan’s scam. The numbers do not lie.

The problem is now that the financials indicate that Rick has run the company into the ground the shares are worthless. Rick Jordan will have to max out dilution just to pay his mortgage. I think he’s in for some serious legal issues.

You're right, hope is all we have. We've been scammed by a con and few others that I didn't think had it in them. I'll be glad when this is officially over. I waste so much time looking at this sh*t stock just in case it comes off EM and I can get my money back.

Thx Mcoco. I guess here's hope to coming off EM in 2025. Hope is the only thing we have at this point.

After 3/31/24 financials were filed, I would of thought 6/30 and 9/30 would follow more quickly considering, so much should of been resolved during the 3/31 audit. No reason 6/30 and 9/30 shouldn't be filed by EOY and YCRM off EM by 12/31/24.
Just my professional opinion.

There's a lot to unravel in it. Interesting info on the Red Gear acquisition too. I'm not honestly sure what to make of the report except that there's a lot of debt.

Yes, thank you Work!!! At least there was a filing but too many more to go. Yeah, he's in deep debt. He lives in a fantasy world.

Haven't read it yet, busy with other trades. Just wanted to put it out there, after seeing it posted.
Just looked to see if anything was there, while looking up other tickers.

Thx Work! So what's your general assessment after reading the report?

https://www.sec.gov/ix?doc=/Archives/edgar/data/1624517/000182912624007616/yuenglingsice_10q.htm

Still looking for an entry on this shit show.

$800 bucks of volume? Lots of people can afford this. What are your thoughts on the financials? They made a few bucks but they are millions in debt. Is Rick this big of a screw up?

Well someone is able to keep buying!?

Hey Rick, can you please explain how this company will come out of debt? What’s the plan from the man at the helm?

How does it feel being a penny stock scam artist? 

Rick is a terrible human being. He is trying to get a free ride out of life without putting in the work. I can’t wait for the day we get to meet eye to eye.

Somebody is able to buy this thing, higher than usual volume today.

One can only hope. Which is all we have for now.

BOMO went on EM's around the same time as this one, and they just came back Current.
So, it can happen if management does the right things.

Yep, those holding will just have to wait it out and hope for the best.
Personally, I hope that folks a least get their money back out of it, but alas, I don't trust it enough to be one of the holders.

No, I would not. Rick is a con-man. Whenever I see his little posts trying to share an inspirational thought, I want to vomit. I always think to myself, I wonder who he stole that from. Nothing original or authentic about him. 🤮

JMO, but, just ask yourself. Would you buy a ticker in EM, when there are so many for sale that are not?