Monday, July 11, 2011 1:22:10 AM
GRBG - Big Apple dilution killing this stock
You only have to be familiar with one name connected to this company to realize that this company is a huge dilution threat = Big Apple Consulting (aka Boost Marketing).
I would definitely recommend that investors take the time to research how other companies that have done consulting/IR agreements with Big Apple Consulting have done after hiring Big Apple Consulting.
Here are a few of them:
APRU - Apple Rush Company, Inc,
ARTS - Artfest International, Inc (suspended by SEC on 6/07/11)
ASTR - Astralis, Ltd.
BPWW - Big Apple Worldwide, Inc. (defunct)
CLDR - Cloud Centric Systems (formerly GESM) (stock subject to DTC Global Lock)
CLDZ - Cloud Technologies, Inc.
CTYX - Connectyx Technologies Holdings Group, Inc.
CKYS - Cyberkey Solutions (defunct -- former CEO serving over 8 years for fraud)
GESM - GuestMetrics, Inc. (now CLDR)
EIGH - 8000 Incorporated
GRBG - Greenbridge Industries, Inc.
GRBT - Greenbridge Technologies, Inc.
IFRS - Infrared Systems International Inc.
IJJP - IJJ Corporation
ITKH - iTeknik Holding Corporation
MTIZ - Metiscan Inc
PHMB - PharmaCom BioVet, Inc.
PLNIQ - Plasticon International, Inc. (revoked)
PRPM - Propalms Inc (now Protek Capital, Inc)
RPPR - Aquastar Holdings, Inc. (now SUTI)
SNDT - Solos Endoscopy, Inc.
SSPT - Shot Spirits Corporation
SUTI - SUTIMCo International, Inc. (formerly RPRR)
TBLU - Telcoblue (revoked)
TDEY - 3D Eye Solutions, Inc. (The Chairman is Marc Jablon -- a principal of Big Apple Consulting)
VLPM - Voip-Pal.com Inc.
WTCT - Watchit Technologies Inc.
More on Big Apple:
http://www.sec.gov/litigation/litreleases/2009/lr21305.htm
http://www.sec.gov/litigation/complaints/2009/comp21305.pdf
http://www.secactions.com/?p=1700
I spent a little time reviewing the filings. It looks like in May of 2009 William White took over as the CEO of this company while it was still called NXGen Holdings, Inc. Along with White came Big Apple Consulting as the public relations and Investors Relation firm and a Big Apple favorite as legal counsel, Guy M. Jean-Pierre. He was a favorite of Big Apple's because he would write the opinion letters removing the legend from their shares making them free trading.
Pretty much immediately the free trading shares started being issued to Big Apple Consulting and sold into the market. The filings have many holes in them where months go by without any disclosure given for share issuing, but here is what the filings do show (you can pretty much just assuming that the months not included follow the same pattern of Big Apple being issued free trading shares then dumping those shares into the market):
When attorney Guy M. Jean-Pierre was banned by the SEC, Big Apple brought in another favorite of theirs for the same reason, Carl Duncan. Soon after that yet another Big Apple favorite was brought in, Kimberly Graus.
-----------
Following the filings it is easy to see the dilution.
Before the group of White, Big Apple, and the Big Apple attorney came in the share count looked like this:
A/S - 500,000,000
O/S - 7,172,737
Float - 6,548,237
---
By the end of the first quarterly report after they showed up (for the period ending June 30, 2009:
A/S - 500,000,000
O/S - 357,172,737 (300,000,000 went to White - 50,000,000 went to Big Apple as show in the graphs above)
Float - 56,548,237 (50,000,000 went to Big Apple as show in the graphs above)
---
For the period ending September 30, 2009:
A/S - 950,000,000
O/S - 482,172,737 (125,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 181,548,237 (125,000,000 more shares went to Big Apple during this quarter as shown in the graphs above)
---
For the period ending December 31, 2009:
A/S - 950,000,000
O/S - 675,890,685 (we are given no disclosure for the last quarter of 2009 so we don't know how many shares went to Big Apple)
Float - N/A (we are given no disclosure for the last quarter of 2009)
---
For the period ending March 31, 2010:
A/S - 950,000,000
O/S - 901,788,685 (188,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 688,962,237 (188,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
---
For the period ending June 30, 2010:
A/S - 2,000,000,000
O/S - 1,265,465,522 (300,000,000 shares went to attorney Carl Duncan and 50,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 1,065,376,237 (either White's 300,000,000 shares entered the float here or Duncan's did plus 50,000,000 more shares that went to Big Apple during this quarter as shown in the graphs above)
---
For the period ending September 30, 2010:
A/S - 2,000,000,000
O/S - 1,634,798,855 (50,000,000 to Omega Capital, 100,000,000 to Green Life, and 183,333,333 more shares to Big Apple during this quarter as shown in the graphs above)
Float - 1,434,709,570 (50,000,000 to Omega Capital, 100,000,000 to Green Life, and 183,333,333 more shares to Big Apple during this quarter as shown in the graphs above)
---
For the period ending December 31, 2010:
A/S - 2,000,000,000
O/S - 1,989,560,759 (we are given no disclosure during this quarter as to how many of the 354,761,904 newly issued shares went to Big Apple)
Float - 1,789,471,474 (we are given no disclosure during this quarter as to how many of the 354,761,904 newly issued free trading shares went to Big Apple)
---
A 1:1000 Reverse Split was executed on February 4, 2011
Some time before the Reverse Split Big Apple was given a bunch of preferred shares
---
New share count after the R/S on February 4, 2011:
A/S - 2,000,000,000
O/S - 1,971,523
Float - 1,870,795
---
For the period ending March 31, 2011:
A/S - 500,000,000
O/S - 66,010,590 (3,356,062 shares went to Big Apple)
Float - 30,909,862 (3,356,062 shares went to Big Apple)
---
Share Count on May 27, 2011:
A/S - 500,000,000
O/S - 84,613,748
Float - 49,513,020
---
Share Count on June 14, 2011:
A/S - 500,000,000
O/S - 105,143,868
Float - 70,049,497
------------
I'm sure the share count for the period ending June 30, 2011 will show that the issuing of free trading stock to Big Apple and dilution of those shares has continued.
Since the R/S the share price has already been diluted back down from $.035/share to $.0018/share. The lower the share price goes the more shares free trading shares will end up going to Big Apple. The more free trading shares that go to Big Apple the lower the share price goes and on and on the cycle continues until the next A/S increase and the next R/S on the stock.
My question is why would anybody want to invest in a stock that they know is issuing free trading shares on a regular basis to their public relations company to dump into the market?
The pattern is so easy to see and it is not going to change.
You only have to be familiar with one name connected to this company to realize that this company is a huge dilution threat = Big Apple Consulting (aka Boost Marketing).
I would definitely recommend that investors take the time to research how other companies that have done consulting/IR agreements with Big Apple Consulting have done after hiring Big Apple Consulting.
Here are a few of them:
APRU - Apple Rush Company, Inc,
ARTS - Artfest International, Inc (suspended by SEC on 6/07/11)
ASTR - Astralis, Ltd.
BPWW - Big Apple Worldwide, Inc. (defunct)
CLDR - Cloud Centric Systems (formerly GESM) (stock subject to DTC Global Lock)
CLDZ - Cloud Technologies, Inc.
CTYX - Connectyx Technologies Holdings Group, Inc.
CKYS - Cyberkey Solutions (defunct -- former CEO serving over 8 years for fraud)
GESM - GuestMetrics, Inc. (now CLDR)
EIGH - 8000 Incorporated
GRBG - Greenbridge Industries, Inc.
GRBT - Greenbridge Technologies, Inc.
IFRS - Infrared Systems International Inc.
IJJP - IJJ Corporation
ITKH - iTeknik Holding Corporation
MTIZ - Metiscan Inc
PHMB - PharmaCom BioVet, Inc.
PLNIQ - Plasticon International, Inc. (revoked)
PRPM - Propalms Inc (now Protek Capital, Inc)
RPPR - Aquastar Holdings, Inc. (now SUTI)
SNDT - Solos Endoscopy, Inc.
SSPT - Shot Spirits Corporation
SUTI - SUTIMCo International, Inc. (formerly RPRR)
TBLU - Telcoblue (revoked)
TDEY - 3D Eye Solutions, Inc. (The Chairman is Marc Jablon -- a principal of Big Apple Consulting)
VLPM - Voip-Pal.com Inc.
WTCT - Watchit Technologies Inc.
More on Big Apple:
http://www.sec.gov/litigation/litreleases/2009/lr21305.htm
http://www.sec.gov/litigation/complaints/2009/comp21305.pdf
http://www.secactions.com/?p=1700
I spent a little time reviewing the filings. It looks like in May of 2009 William White took over as the CEO of this company while it was still called NXGen Holdings, Inc. Along with White came Big Apple Consulting as the public relations and Investors Relation firm and a Big Apple favorite as legal counsel, Guy M. Jean-Pierre. He was a favorite of Big Apple's because he would write the opinion letters removing the legend from their shares making them free trading.
Pretty much immediately the free trading shares started being issued to Big Apple Consulting and sold into the market. The filings have many holes in them where months go by without any disclosure given for share issuing, but here is what the filings do show (you can pretty much just assuming that the months not included follow the same pattern of Big Apple being issued free trading shares then dumping those shares into the market):
When attorney Guy M. Jean-Pierre was banned by the SEC, Big Apple brought in another favorite of theirs for the same reason, Carl Duncan. Soon after that yet another Big Apple favorite was brought in, Kimberly Graus.
-----------
Following the filings it is easy to see the dilution.
Before the group of White, Big Apple, and the Big Apple attorney came in the share count looked like this:
A/S - 500,000,000
O/S - 7,172,737
Float - 6,548,237
---
By the end of the first quarterly report after they showed up (for the period ending June 30, 2009:
A/S - 500,000,000
O/S - 357,172,737 (300,000,000 went to White - 50,000,000 went to Big Apple as show in the graphs above)
Float - 56,548,237 (50,000,000 went to Big Apple as show in the graphs above)
---
For the period ending September 30, 2009:
A/S - 950,000,000
O/S - 482,172,737 (125,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 181,548,237 (125,000,000 more shares went to Big Apple during this quarter as shown in the graphs above)
---
For the period ending December 31, 2009:
A/S - 950,000,000
O/S - 675,890,685 (we are given no disclosure for the last quarter of 2009 so we don't know how many shares went to Big Apple)
Float - N/A (we are given no disclosure for the last quarter of 2009)
---
For the period ending March 31, 2010:
A/S - 950,000,000
O/S - 901,788,685 (188,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 688,962,237 (188,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
---
For the period ending June 30, 2010:
A/S - 2,000,000,000
O/S - 1,265,465,522 (300,000,000 shares went to attorney Carl Duncan and 50,000,000 more shares went to Big Apple during this quarter as show in the graphs above)
Float - 1,065,376,237 (either White's 300,000,000 shares entered the float here or Duncan's did plus 50,000,000 more shares that went to Big Apple during this quarter as shown in the graphs above)
---
For the period ending September 30, 2010:
A/S - 2,000,000,000
O/S - 1,634,798,855 (50,000,000 to Omega Capital, 100,000,000 to Green Life, and 183,333,333 more shares to Big Apple during this quarter as shown in the graphs above)
Float - 1,434,709,570 (50,000,000 to Omega Capital, 100,000,000 to Green Life, and 183,333,333 more shares to Big Apple during this quarter as shown in the graphs above)
---
For the period ending December 31, 2010:
A/S - 2,000,000,000
O/S - 1,989,560,759 (we are given no disclosure during this quarter as to how many of the 354,761,904 newly issued shares went to Big Apple)
Float - 1,789,471,474 (we are given no disclosure during this quarter as to how many of the 354,761,904 newly issued free trading shares went to Big Apple)
---
A 1:1000 Reverse Split was executed on February 4, 2011
Some time before the Reverse Split Big Apple was given a bunch of preferred shares
---
New share count after the R/S on February 4, 2011:
A/S - 2,000,000,000
O/S - 1,971,523
Float - 1,870,795
---
For the period ending March 31, 2011:
A/S - 500,000,000
O/S - 66,010,590 (3,356,062 shares went to Big Apple)
Float - 30,909,862 (3,356,062 shares went to Big Apple)
---
Share Count on May 27, 2011:
A/S - 500,000,000
O/S - 84,613,748
Float - 49,513,020
---
Share Count on June 14, 2011:
A/S - 500,000,000
O/S - 105,143,868
Float - 70,049,497
------------
I'm sure the share count for the period ending June 30, 2011 will show that the issuing of free trading stock to Big Apple and dilution of those shares has continued.
Since the R/S the share price has already been diluted back down from $.035/share to $.0018/share. The lower the share price goes the more shares free trading shares will end up going to Big Apple. The more free trading shares that go to Big Apple the lower the share price goes and on and on the cycle continues until the next A/S increase and the next R/S on the stock.
My question is why would anybody want to invest in a stock that they know is issuing free trading shares on a regular basis to their public relations company to dump into the market?
The pattern is so easy to see and it is not going to change.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
