yachtsailor
5 months ago
Rogue One Provides Corporate Update
Friday, 15 December 2023 01:00 PM
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Rogue One, Inc.
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Company Update
WASHINGTON, DC / ACCESSWIRE / December 15, 2023 / As many are aware, Rogue One, Inc. ("Company") has not submitted any financial statements subsequent to the Quarterly Report dated September 30, 2021. It is imperative to note that the recent action undertaken by the Securities and Exchange Commission on December 5, 2023, was not involuntary, but a result of a negotiated βStipulation Letter' with the SEC which leads to revoking our 12G securities registration status. Consequently, Rogue One, Inc is no longer a mandatory SEC filer. The most recent financial statement submitted was the Third Quarter 2021 Form 10-Q, covering the three-month period concluding on September 30, 2021, which incorporated our initial consolidated financial statements post the acquisition of Human Brands International, Inc ("Human Brands").
The Company has encountered challenges in compiling financial statements subsequent to the report dated September 30, 2021. This issue arose due to the reluctance of two subsidiaries of Human Brands to provide the necessary books and records, in a timely manner, following the acquisition of Human Brands on June 30, 2021. Consequently, Rogue One, Inc., as the parent company, has faced impediments in filing any financial statements beyond that date. Despite repeated assurances from the aforementioned subsidiaries that they would fulfill this obligation, the Company and its shareholders have been adversely affected by the ongoing inability to do so.
Rogue One, Inc., via its wholly owned subsidiary, Human Brands, holds a 51% ownership stake in Agave Webber and a 51% interest in Turasu S de PR de RL. Per SEC filing requirements, Rogue One was required to include these entities in its financial statements. The company encountered a challenge in advancing its financial reporting, and from October 1, 2021, faced an impediment: the inability to proceed with financial reports and the inability to retroactively divest the two non-compliant entities. This impasse presented a significant obstacle for the company.
In light of the apparent challenges in meeting our reporting obligations to the SEC, the Company engaged the services of an additional specialist attorney. Collaborating with our in-house legal counsel, they formulated a strategic approach to address the issue. The devised plan to rectify the problem includes the following steps:
Initiate discussions with the SEC to voluntarily revoke our 12G filing status.
Commence the divestment process of the two non-compliant subsidiaries, effective October 1, 2021.
Conduct an internal audit of our financial records, excluding the two subsidiaries (already completed through December 2022).
Subject the internal audit findings to a thorough review by our external auditors.
With the two non-compliant subsidiaries being divested from Rogue One, the Company will make its best efforts to finalize its audits and proceed with the necessary filings to regulators to restore our trading status.
yachtsailor
7 months ago
Positive factors for tequila stocks:
Growing demand: Global tequila consumption has been steadily increasing for years, driven by factors like its premium image, versatility in cocktails, and perceived health benefits.
Premiumization trend: Consumers are increasingly opting for higher-quality tequila, further boosting the market for brands with strong reputations and established distribution channels.
Acquisition potential: Larger spirits companies might be interested in acquiring smaller tequila brands with promising growth prospects, potentially providing significant returns to investors.
Pan_O_War
8 months ago
Corporate Update:
WASHINGTON, DC / ACCESSWIRE / December 15, 2023 / As many are aware, Rogue One, Inc. ("Company") has not submitted any financial statements subsequent to the Quarterly Report dated September 30, 2021. It is imperative to note that the recent action undertaken by the Securities and Exchange Commission on December 5, 2023, was not involuntary, but a result of a negotiated βStipulation Letter' with the SEC which leads to revoking our 12G securities registration status. Consequently, Rogue One, Inc is no longer a mandatory SEC filer. The most recent financial statement submitted was the Third Quarter 2021 Form 10-Q, covering the three-month period concluding on September 30, 2021, which incorporated our initial consolidated financial statements post the acquisition of Human Brands International, Inc ("Human Brands").
The Company has encountered challenges in compiling financial statements subsequent to the report dated September 30, 2021. This issue arose due to the reluctance of two subsidiaries of Human Brands to provide the necessary books and records, in a timely manner, following the acquisition of Human Brands on June 30, 2021. Consequently, Rogue One, Inc., as the parent company, has faced impediments in filing any financial statements beyond that date. Despite repeated assurances from the aforementioned subsidiaries that they would fulfill this obligation, the Company and its shareholders have been adversely affected by the ongoing inability to do so.
Rogue One, Inc., via its wholly owned subsidiary, Human Brands, holds a 51% ownership stake in Agave Webber and a 51% interest in Turasu S de PR de RL. Per SEC filing requirements, Rogue One was required to include these entities in its financial statements. The company encountered a challenge in advancing its financial reporting, and from October 1, 2021, faced an impediment: the inability to proceed with financial reports and the inability to retroactively divest the two non-compliant entities. This impasse presented a significant obstacle for the company.
In light of the apparent challenges in meeting our reporting obligations to the SEC, the Company engaged the services of an additional specialist attorney. Collaborating with our in-house legal counsel, they formulated a strategic approach to address the issue. The devised plan to rectify the problem includes the following steps:
Initiate discussions with the SEC to voluntarily revoke our 12G filing status.
Commence the divestment process of the two non-compliant subsidiaries, effective October 1, 2021.
Conduct an internal audit of our financial records, excluding the two subsidiaries (already completed through December 2022).
Subject the internal audit findings to a thorough review by our external auditors.
With the two non-compliant subsidiaries being divested from Rogue One, the Company will make its best efforts to finalize its audits and proceed with the necessary filings to regulators to restore our trading status.
About Rogue One. Inc:
https://www.accesswire.com/817490/rogue-one-provides-corporate-update?fbclid=IwAR3O7Rpjh7HbBUuqCFFAmX_nKP6t0igxdTCddNar3VaxhZXqbXD15MZIECw
shipwithoutarudder
8 months ago
Pretty pathetic that the CEO would let all of the hard work that he had done go to hell! There were other officers of the company that were purchasing shares but never filed anything regarding selling those shares. It seems there were a lot of things going on that maybe shouldn't have been going on with this company, might be time to speak with an attorney. People that pull crap like this don't have anything to go after but you can sure make their life miserable with some well placed law suits. If anything like that were to develop I would certainly join in, I had a substantial amount of money invested in this garbage because I had faith that the CEO was doing everything the right way, apparently that was not the case. All those misleading filings how this acquisition would have a huge material impact on the bottom line, ya, right!
So it goes, another penny stock scam in which the SEC is supposed to fish out before it gets as far as this one did!
shipwithoutarudder
9 months ago
I have to agree with what you've said, it doesn't look good. It's hard to believe that ROAG appeared to have come so far and were right there ready to turn the corner and they stop reporting, was it all smoke and mirrors. The only way we find out is if they start reporting again or if not a lawsuit would tell us what happened to our investment, hope it doesn't come to that! I know what a defendant would say, "the filings indicated that this was a high risk investment", of course, however that only pertains to a legitimate operation and would not cover a scam!
I could be wrong but there is a Joe Poe jr. on Linkedin that indicates he is a merger and acquisition consultant from April 2023 to present. That start date is pretty close to the date of the last filing for ROAG which was May 15th of 2023 for the quarter that ended March 31st of 2023. The experience listed indicates that he was the CEO of PUBCO for the past 6 years and 7 months. Prior to that everything listed for the last 20 years closely matches our ROAG CEO's resume.
The last sentence of your post said, "Let's hope I'm wrong", I'll end my post with the same sentence related to the Joe Poe jr. on Linkedin, who I believe is our Joe Poe jr. Let's hope I'm wrong!
shipwithoutarudder
10 months ago
I am having a hard time understanding what is happening with ROAG, nothing makes any sense right now! They are behind on the filings and not even a late notice filing, nothing, just nothing! Then they are called out by the SEC and given 10 days to respond to the inquiry and again, nothing or so it appears! This appears to be deliberate and is just unacceptable, how do you not respond to the governing body to where your business is registered? Maybe there is some sort of correspondence and if there is, it is well hidden! How can you come so far and then just walk away as it appears that's what the CEO has done! I'm sure there are lot of people who have their hard earned money invested in this stock who trusted the CEO and would like some sort of answers to what is going on with the company. I'll leave it at that!
yachtsailor
10 months ago
Just a few people who've sold their tequila companies...
My favorite tequila is Casamigos Anejo
Here are some famous people who have sold their tequila businesses for a lot of money:
George Clooney: In 2017, George Clooney and his business partners sold their tequila company, Casamigos, to Diageo for $700 million, with the potential to earn an additional $300 million if the tequila continues to sell well over the next 10 years.
Dwayne "The Rock" Johnson: In 2022, Dwayne "The Rock" Johnson sold his tequila company, Teremana, to Constellation Brands for $300 million, with the potential to earn up to $1 billion if the tequila continues to sell well over the next 10 years.
Kendall Jenner: In 2021, Kendall Jenner sold a 51% stake in her tequila company, 818, to Diageo for $60 million, with the potential to earn an additional $335 million if the tequila continues to sell well over the next 10 years.
Rita Ora: In 2021, Rita Ora sold a majority stake in her tequila company, Próspero, to Mexican spirits producer Becle for an undisclosed amount.
Justin Timberlake: In 2014, Justin Timberlake sold his tequila company, Sauza 901, to Beam Suntory for $100 million.
The shortage of blue agaves in jalisco, mexico are driving prices up. I commend the company for going for the high end business with a more aged agave harvest. There are many very healthy businesses in the tequila world. There are many companies that are publicly traded. The point is that this is a good business to be in.
TEFFY
11 months ago
AGREED , NUTTIN TO PROTECT , ONLY LONGER TERM HOLDERS TO GET SCREWED ,THE MANAGEMENT HAS NOT EVER BEEN ONTIME TO DO ANYTHING ,I'M SADLY THINKING THIS EVENT WILL BE NO DIFFERENT ,I HOPE I'M WRONG , JOE PLEASE PROVE ME WRONG............
shipwithoutarudder
11 months ago
Just curious what your thoughts are regarding Ryan Dolder and Janon Costley who as you know are 2 officers of the company, I believe Dolder is the CEO of Human brands and is listed as the CFO of Rogue while Costley is COO of Human Brands and is also listed as COO of Rogue. Those 2 individuals certainly have a vested interest in Rogue as Dolder purchased 1,036,850 shares at .05/sh in mid to late 2021, while Costley purchased 4,039,370 shares also at .05/sh in mid to late 2021. Between the two of them that is a lot of cash that was used to purchase those shares unless that was some type of payment by the company to them for their services. The way it's reported on a Form 4 the transaction code is P, transaction code P is defined as an Open market or private purchase of securities!
So it appears that these 2 individuals have a lot to lose if Rogue ultimately folds, you would think that they being officers of the company with a vested interest like they have should be doing everything within their power to assist the CEO in getting everything up to date, yet we haven't heard much of anything this past year!
Any comments would be appreciated!