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Looking for 5-10 bagger easy. Float locked and news will send it!
Loving BLIS here! This one’s gonna rocket!
The problem with foreign investors is that it makes the claim void if more than 50% is held for non-US citizens. And they won't get squat from Cubas govt with little leverage.
Our best hope is the US and Cuba handshake deal where US loans Cuba money to pay claims. Embargo is lifted and Cuba pays US govt direct and claims are paid in full.
There is no equity raise, as no company exists. But it could be transfer of shares...or fund buying them up? I'm confused at price action though. Seems like swapping. Otherwise this volume would have driven up to $10+ easy. I did notice the HUGE bid a few days ago. On watch for developments...
Yeah it was only logical as naked shorting b/c no one else has those kind of shares except for ownership...and they wouldn’t sell out. Will get interesting if a few more ask hits come in. Could see multi-dollars quick. I doubt there’s more than 150k free trading shares, so the 200k traded today would have jumped price higher. Either way, happy to see some action lol
Well b/c this is a non-reporting company there is no requirement to file. Otherwise I would have filed one a while ago. I think you can file, but not required until the business files again.
No one would be that stupid, right? Shorting this low float?! That would be account suicide. Oh man lol
I'm very confused about what is taking place here? Almost half of OS traded today...
Ok volume is insane today. Sent Nick an email to see if insiders know what's going on...
I agree with that. This has me very intrigued!
Yeah a little jealous here. Already have a ton... but more is better :)
Who is loading??? Just sucked up 10% of OS last two days! Nothing left to buy at these levels. Moving back up? $FRAZ :)
12/4 is next court date. Should set actually hearing date or have judge sign off on settlement if one is reached. Not sure why the buying today, but cleared some levels out quick. Definitely a thin stock! Not nearly the OS it states, which leads me to believe that they can get most of that returned to treasury. Time will tell.
How do you know they’re new?
People keep saying there's no company here, and yet the Texas court system seems to think otherwise. Barnett is still working his angle. Until this is resolved - there is no reason to post anything.
Yes, Cubley was a conman. Period. But Cubley is no longer here. It appears someone is trying to clean up his mess and that's where we are at. Patience on this one. It's obviously not going to zero or it would have already. Bottom is where we are at. Any sign of life and this shoots up quick. If the courts seize and return the illegal shares, then we might have ourselves a winner. Until this is resolved nothing will happen.
Newer court notices. Looks like another month to get some action in the courts on this...
10/25/2017
Notice Of Hearing
NOTICE OF HEARING (CALENDAR CALL) SET ON 12/4/17 AT 9:00AM, FAXED EDWARD ROUSH JR AND DR. JOHN BARNETT FROM COURT COORDINATOR.
12/04/2017
Status Hearing
(9:00 AM) (Judicial Officer Palomo, Beckie)
Notice CDEL not coming down and hitting bid anymore? Is he out...or court ordered? With buys, this will move up fast now. Need to break through 40 and see what he does.
Yeah confusing. Stated clearly is that company is purchasing assets. But also stated after this transaction the stock will become a shell with no agreements in place from a suitor. So seems stock is actually going to be shell for sale...not part of purchaser.
The latest:
10/10/2017
Calendar Call (1:30 PM) (Judicial Officer Palomo, Beckie)
10/10/2017
Notes-Hearing Notes
CASE NOT CALLED. NO PROCEEDINGS HELD. CASE TO BE RESET WITH NOTICE.
So as I take it (and I'm no lawyer), it seems the case date is now moved out a bit...BUT due to pre-lim injunction and expedited discovery, the plaintiff believes they should win the case and are pushing forward. I think this is positive for all of us. Hopefully we will have a date set very soon. Reset with notice means that a future date is to be set as the defendant was not served with enough time to prepare for a case.
...And we wait some more lol
Here's some context around this post:
http://apps.americanbar.org/litigation/committees/businesstorts/articles/winter2014-0227-using-expedited-discovery-with-preliminary-injunction-motions.html
It was PR’ed. Barnett in control now. Read recent news folks. He booted Cubley and is fighting to get illegal shares back.
No. OS would be reduced to 123mil. AS is 1bil. Reduction would be on OS as these shares were put out illegally. My guess is that we may see more along the lines of 5-600 reduction as shares have hit market already.
It's updated on OTC page...BUT that's why they're in court. Might be a 700mil OS reduction possible. So right now, AS 1bil, OS 823mil
I just noticed these court updates from 10/5 posted...
10/05/2017
Order Granting
ORDER GRANTING PLAINTIFF'S UNOPPOSED MOTION FOR EXPEDITED DISCOVERY SIGNED 10/4/17. FAXED TO EDWARD ROUSH JR AND E-MAILED TO DR JOHN BARNETTE FROM COURT COORDINATOR.
10/05/2017
Temporary Injunction
TEMPORARY INJUNCTION SIGNED 10/4/17. FAXED TO EDWARD ROUSH, JR AND E-MAILED TO DR JOHN BARNETT FROM COURT COORDIANTOR.
Thoughts?
We'll see what today brings...
I think today they go before the judge...but I don’t know what outcome to expect (more steps forward or final outcome?). So we’ll just see what the court docs say later or tomorrow.
You guys are talking yourselves into a frenzy here... LOL. If you're so worried, then just sellout.
Some facts that were forgotten on a previous post:
1) ERF Wireless Inc is in court right now to figure out this illegal share issuance thing. If there was no company - this would not be happening. Courts don't deal in fake companies.
2) I think many of you need to check LinkedIn. I just looked today and there are 126 people associated with the company. Seems like many still work there. Again - show me a SCAM OTC play that has more than like 3 people at it's company.
3) ERF Wireless is still being noted in many oil/broadband reports - even through Sept 2017. Again - seems like they wouldn't waste their time on a ghost/fake company.
There are many other angles too... Accordant Communications, contracts, etc...
The fact is the acting CEO sucks at communication. Period. But he may be waiting to get the share issue resolved before filing/Pr'ing anything. The risk/reward here is crazy. Can't go much lower...but doesn't take too much to lift this to pennies and above too. If you expect this to pop tomorrow than good luck. But sit back and enjoy the great buy-in prices right now.
The next court event is set for 10/10 at 1:30pm. Let's see where it goes from there before everyone starts going crazy here... LOL
Good luck to you. I'm hoping for over a year hold for tax reasons. So I'm good :) I wouldn't be here if I wasn't confident something is going on. And thanks for being technical...but there's like 10 of us following this. I don't consider that a market.
The market doesn't know and follow. And we don't know what the outcome is yet.
Some interesting events unfolding in the court! It looks like they have a rule 11 agreement (which is a signed agreement between both parties) now and an injunction (which means that the plaintiff can't go after the defendants anymore since the agreement is signed). Things are coming to life here and I expect some sort of news soon. The case is still open, but maybe in the next few days we will hear something??? (See below)
Party Information
Defendant
ERF WIRELESS INC
Plaintiff
ROUSH, EDWARD JR Pro Se
Events & Orders of the Court
OTHER EVENTS AND HEARINGS
07/26/2017
Civil Case Filed (OCA)
NO FIAT OR TRO FILED
07/26/2017
Original Petition
PLAINTIFF'S ORIGINAL PETITION REQUEST FOR INJUNCTIVE RELIEF AND DISCLOSURE
08/02/2017
Notes-Miscellaneous
NO ISSUANCE-DUE TO NONPAYMENT
08/02/2017
Calendar Call
CALENDAR CALL MAILED TO PETITIONER'S
09/21/2017
Rule 11 Agreement
RULE 11 AGREEMENT.
09/21/2017
Order-Miscellaneous
PROPOSED ORDER GRANTING PLAINTIFF'S UNOPPOSED MOTION FOR EXPEDITED DISCOVERY....REC'D AND SENT TO COURT COORDINATOR.
09/21/2017
Motion-Miscellaneous
PLAINTIFF'S UNOPPOSED MOTION FOR EXPEDITED DISCOVERY (ORDER ATTACHED).
09/22/2017
Temporary Injunction
TEMPORARY INJUNCTION RECEIVED AND SENT TO COURT COORDINATOR.
10/10/2017
Calendar Call (1:30 PM) (Judicial Officer Palomo, Beckie)
No. He's actually done this for a few other companies previous. Straightened them out and turned them over to new management. It takes time since we have a court case here that will help determine the public's slice of the pie in shares. Yes, a plastic surgeon (a good one by reviews). But he's also a smart cookie. You think he wants a red mark on his resume? Patience will pay.
$ALNY had nice news...which uses $ABUS's LNPs so they will receive royalties on sales from $ALNY.
10/10/17 for calendar call. So mid OCT should know something
I hear you. I'm not sure why the company won't give us an update. I bombard them pretty regularly with inquiries, but get little in return. I think there's a lot happening behind the scenes still...I check the court case daily for updates. Thinking we won't see much from that until next month (calendar call date). And Accordant seems to be doing their thing as noted by many online contracts, job postings and noted relation to ERFB (parent company). And you'll notice ERFB OTC address just moved to the Acc hometown in TX. So I'd say there's a lot here. Unfortunately management is not helping the cause...but I honestly think they're trying to resolve the BS dilution issue before they bring more to light. I'm long but don't blame others for feeling empty on this play. Just stashing away for a few more months to see where this takes us. GLTY
Found this one on Indeed.com...
Tower Foreman/ Tophand
Accordant Communications - Sanford, FL
$24 - $27 an hour
Run a crew for T Mobile installs, must be able to sweep, fiber test pim and computer skills a must Job Type: Full-time Salary: $24.00 to $27.00 /hour
Good to see they are still working with T-Mobile and their ever growing infrastructure.
Notice he always jumps to the top bid... good sign he's playing games here. Slappage will destroy him!
A job for ERF Wireless or Accordant Communications??? Let's hope so!
https://www.bloomberg.com/news/articles/2017-08-30/harvey-s-knockout-of-cell-service-revives-calls-for-backup-power?
Under water....literally. Near Houston. Might be some nice infrastructure projects they can help on after this mess is over down there.
Funny part is AS increase doesn't happen until sometime in September (read pre docs). Also, OS is verified on OTC by TA every so often... so you can see when dilution happens. Market value is only 1/2 of revs at this point.
Probably because they just moved LMAO. keep trying to scare folks...
I don't think I ever stated this, but have email line from Nick a while back with this quote:
"Yes, I have been in contact with Tom Herzfeld and other both U.S. and foreign investors about these and other non-certified claims."
My opinion is that he is shopping these claims around for potential investors when the opportunity presents itself. I want to say that he said Tom wanted these as part of his fund, but he's not allowed to touch them currently. Nick also eluded to new businesses if they ever were resolved. So possible they use these claims as leverage to start up big business on the island. It fits in with his last comment that you quoted.
Didn't notice until now, but address has been updated and confirmed on OTC page. Also matches John's address in nvsos site. Still moving forward here...