Quite unbelievable in my opinion. Collins tries t
Post# of 60
Posted On: 11/03/2015 4:36:30 PM
Re: Joseph Collins #19
Quite unbelievable in my opinion. Collins tries to raise capital at URBT. Then he files an S1 for a new television studio called Punch TV.
So, would you invest in a new studio, a studio of one person Joseph Collins? Read the S1.
There are no disclosures about a related company, URBT and it's debts
He discloses material non-public information that URBT will be the broadcast arm of Punch TV.
There are no disclosures about judgments against him personally, or judgments against what may be a related entity called Punch TV.
There are no disclosures about his prior business ventures and whether they are existing today or they failed
There are no disclosures that his office seems to be located within a church - if you input the map in Google maps, which in the S1 he claims to be donating the space to the company with a potential logical conclusion that he owns the space
The PPE and is valued at at $650,000 "based on potential weekly revenues expected from the show through licensing in all of the television demographic market areas (DMA’s)." Nowhere in the document did it reveal that a valuation firm with proper credentials valued the PPE or other equipment.
The S1 shows an investment in Hydrogen Futures Corporation, and its value of zero. How much was paid for this investment and why is it worth zero?
The S1 shows $645k in Net Equipment value which Collins is using as currency for stock, yet the S1 does not provide any information on whether or not a specialty equipment valuation firm has valued the equpment properly.
And the company has $24 in cash.
A company of one person to build a studio, a broadcast subsidiary, and raise $50MM or $12.5MM. Anyone investing in this should do proper due diligence in anything printed by management.
The SEC should look extra carefully at the filings of URBT and this new S1.
So, would you invest in a new studio, a studio of one person Joseph Collins? Read the S1.
There are no disclosures about a related company, URBT and it's debts
He discloses material non-public information that URBT will be the broadcast arm of Punch TV.
There are no disclosures about judgments against him personally, or judgments against what may be a related entity called Punch TV.
There are no disclosures about his prior business ventures and whether they are existing today or they failed
There are no disclosures that his office seems to be located within a church - if you input the map in Google maps, which in the S1 he claims to be donating the space to the company with a potential logical conclusion that he owns the space
The PPE and is valued at at $650,000 "based on potential weekly revenues expected from the show through licensing in all of the television demographic market areas (DMA’s)." Nowhere in the document did it reveal that a valuation firm with proper credentials valued the PPE or other equipment.
The S1 shows an investment in Hydrogen Futures Corporation, and its value of zero. How much was paid for this investment and why is it worth zero?
The S1 shows $645k in Net Equipment value which Collins is using as currency for stock, yet the S1 does not provide any information on whether or not a specialty equipment valuation firm has valued the equpment properly.
And the company has $24 in cash.
A company of one person to build a studio, a broadcast subsidiary, and raise $50MM or $12.5MM. Anyone investing in this should do proper due diligence in anything printed by management.
The SEC should look extra carefully at the filings of URBT and this new S1.
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