Saturday, December 19, 2020

ESE Entertainment Inc - ESE.c - Konrad Marion Wasiela - Update V

The 3 month numbers ended July 2020 from Konrad Marion Wasiela reveal $400k for 'consulting', much of that going straight into his own pocket. (at least $135k in 9 months) Its surely appearing these terds are claiming tax refunds on their too copious 'consulting'.

'Wages and benefits' of $67k to go along with 'Professional fees' of $88k. The advertising number was $75k then, certainly over $100k now. Add it all up and we're talking $200k out the window every month. A nut of $2.4m for a co with no revenues to speak of? There is a 'revenue' number of $ 137k, but this appears to be shown as 'deferred income' and/or in the 'prepaid' of over $100k. In other words no cash has changed hands.
Daily news today is about (C-NVEI) Nuvei Corp ... "payments in the e-sports arena is a significant opportunity," said Konrad Wasiela, CEO of ESE. "Nuvei provides us with a world-class transaction platform, a critical piece in further monetizing our e-sports and gaming assets globally." Thats great, but since this co has no assets and no clear means of income, WTF is Konrad spewing of? "We also look forward to presenting Nuvei logo placement on our professional e-sports team jerseys, apparel and select digital assets in the upcoming year." Super duper, how many zillions is that bringing in? The simple fact is NRs with no numbers attached are 'worth' nada thing.
Latest to emerge is snow boarder Zac Dolesky. Whom does this pup work for? Konrad and ESE.v ain't saying for some reason. Very naturally we had to find out why.

Our boy's anus is planted with Varshney Capital HERE (Note - Dolesky was removed a day after this post. Link is to a cached page. Multiple searches return the same info. HERE) Loyal readers will remember well the very direct involvement of Praveen (Vareen) Varshney in Jessie/Mikie's GOOD.v scam. GOOD.v could not even spell their dope director's name correctly. THIS TIME Praveen (Vareen) has a little stupid white boy nominee to hold the crooked bag.
Zac a doodle is the name when, on July 21, 2019, ESE.v issued 21,999,999 common shares at a price of $0.005 per share for total proceeds of $110,000.
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Wayne SilverA huge upsurge in SP on ridiculous 'news' and this observer began to dig. "ESE Entertainment Inc. has signed a letter of intent to acquire the assets of World Phoning Group Inc. and Encore Telecom Inc." The man touted is Wayne Silver, described as "President of Encore Telecom Inc. and President of Navatalk. In 1994 he also founded Phonetime a USD 300 Million public company (TSX:TEL)."

Phonetime is part of TELLza. TEL.t last traded in 2018 after a CRA tax fraud amounting to $17.5m. From Jan 2015 to Oct 2016 Tellza claimed fraudulent refunds of $12.4m. "TORONTO, Nov. 26, 2018 -- Tellza Inc. (“Tellza” or the “Company”) (TSX:TEL) announced today that it received a notice of (re) assessment from the Canada Revenue Agency (“CRA”) denying input tax credit previously claimed by the Company related to an audit commenced by the CRA in 2016 together with Gross Negligence Penalties and arrears interest charges totaling to $17.5 million."
Konrad Wasiela Next stop was the management prepared ESE.v financials, which reveal Konrad Wasiela is claiming $58,928 in HST/PST refunds for the 9 months ended July 31, 2020. That would require purchases (with HST/PST attached) exceeding $1.2m. For the 3 months ended July 31, the single greatest outlay was 'consulting' and that was $400k. NO HST/PST appears to have been paid on the 'consulting'. Konrad Wasiela is paid $15k per month in consulting fees. A co incorporated in Jan 2019 called ZDK Holdings Ltd. is pulling $13k every month in consulting. (Wages are running $20k per month)

ESE.v has never reported a cent in revenues since inception. Tax refunds are the company's SOLE income.
Naturally there is more. ALL the websites involved, including ESE.v, are free wordpress blogs. They are identical in that they use the same template. One simply changes the text and pictures from one to the next. The free ESE.v website is billed for $11,300. The Phonetime website was last updated over 4 years ago, around the time of the CRA audit. http://www.phonetime.com/

As for Mr. Silver, the founder of it all, his one page Encore Telecom website is here http://www.encore-telecom.com/ A huge number of grammar errors on a one page site and an e-mail that doesn't work. This from a co touted as generating $12.9m per year and with 'double digit growth' from the VoIP space and/or Romanian call center.
What say we? The misrepresentations are numerous and extremely obvious. This co has NOT spent $1.3m on taxable goods/services in 9 months and is entitled to no refund from taxpayers. Its the co's own numbers saying this.
Michael Vazquez, Tellza Communications Inc., CEO. Phone +954-624-8143 Email: mike@tellza.comIts called fraud and it is perfectly in keeping with the background of the players who have stolen millions before from Canadian taxpayers and who are doing it again.

In 2016, Tellza exchanged its interest in certain receivables and assets for 13m shares of Next Group Holdings Inc. (OTCQB:NXGH)
Anuj Sethi, Tellza Communications Inc., President
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A sure fire, 100% guaranteed way to get this observer's hackles raised is to fuk with the presentation. The presentation is CRITICAL ongoing disclosure, and for Venture chit a body MUST be aware of it. Over 95% of public companies produce a presentation, usually quarterly. If there is no presentation at all that is a large red flag. Poland based ESE Entertainment Inc. ESE.c (HERE) is purportedly 'into' the online gaming space. That's open to debate as Co hasn't reported a single cent in gross revenues, ever.
Konrad Wasiela (konrad@ese.gg) has a form he expects public types to fill out, after which a presentation will be forthcoming. Trouble is that is an open lie. I tried 2 different e-mail addresses over months and received nothing, not even an acknowledgement. Lately I even requested it direct from Konrad. NADA. Now I can accuse Konrad Wasiela of lying and nobody can dispute it.

It gets worse. This co has blown $75k+ on advertising in 9 months, presumably so that MORE people will request the non-existent presentation. It is also blowing thousands every month on a market maker, which is patently ludicrous.

And it gets worse. Konrad flipped off $400k to 'consultants' in months and the numbers reveals this co is insolvent already and blowing money it doesn't even have. Buyer beware indeed, but Konrad Wasiela takes it all new levels. This space cannot imagine anybody being impressed by this man or his grotesquely insulting rubbish. HERE It would be far too kind to call him incompetent.
Ryan MaarschalkNext up is director Ryan Maarschalk who is billed as the former CFO of 1933 Industries (TGIF.c) ... "which went private to public and over $120mm+ market cap." Anybody care to bet on accuracy of this? No?

With 318m out and a SP of $.06 the MC for TGIF is $7.2m. That's highly generous considering this co just booked a $22m loss for 2020.