how do we contact the SEC?
would you sell your million shares to me at price of .045?
Hey, don't take my word for it, go down and check it out for yourself! Pound on the doors all day long if you wish! As Monty Python would say, "This parrot (company) has ceased to exist...it is an ex-parrot!"
Responding to emails via blackberry from Frabasiles poolside.
They want shares to trade so they can dump it and cash in and pay off law suits.
Is the evidence not clear enough that this is dead?
How stupid do they think we are?
In my experience, those sorts of issues as here are ones that are knowingly entrained, put there on purpose, to enable management in having a "kill switch" placed on the attachment of value to a share, which, when it is flipped, enables pairing a theft of value that exists with a ready means for cooperatively eliminating the oversight of the SEC...
It is a KNOWN mechanism... that enables the scammers in using the SEC to help execute their plans while eliminating their risk.
The overly purposeful ignorance of the SEC in regard to this, has them knowingly cooperating in facilitating the execution of the scams...
Not to say your wrong but they still return my emails. They say they are working on bringing the stock back to trading status. I don't understand why they would even respond to me. Just part of the scam i guess.
Yes, all of them.
Ouch! This is the first and only penny stock I own. I trade the bigger cap stocks and have never been in this position before. So my question is what happens now? My trading account shows they have value but I can't buy or sell. Who would be best to call to find out? My broker? Absolutesky? The SEC?
Always a mistake to confuse the "value" there is, the value that exists, with the "value" that is attached to a share...
Can show you PLENTY of other situations where the value that exists, postured as attached to a share, is really there only to sell shares, still intending that it will eventually be stolen by the management, after the investors pay for it.
This seems it is another of those too clear instances where the value was PRE-POSITIONED for delivering that result by having the SEC do it to you instead of them... based on the fiction of an excuse that they are only protecting you by having management enabled by the SEC in stealing the value from you...
Bad faith perhaps? Does anyone else feel like the company kept the investors in the dark for a long time. Perhaps misleading us for months/years? Seems unethical and blatantly dishonest.
Anyone still believe management with anything they ever said? Like 3.50 a share? Like we have lots of leads?
Lets see where these executive land next, so we can stay away.
If it walks like a duck and talks like a duck... then its being run by quacks.
Mr. Frabasile, Mr Cooke, thanks for turning our $3.50 into dust. My 8 y/o could have done better.
Biltmore was the name of the shell company that became ABSY...
Biltmore is now ABSY... or, it was, before the SEC and ABSY management did whatever they did in reaching an agreement...
Note... we STILL don't know what it is that they did.
It is clear enough that ABSY is no more... not only has it been de-registered with the approval of the SEC, without resolving prior issues or informing investors, but it has been removed from trading... and investors have not been informed by the company or by the SEC what it is that means for them going forward.
Welcome to the world of SEC "protection" of investors.
what is biltmore vacation resorts
jeffreylmarshall. If you feel the need to beat your chest or whatever else find another board. No-one here is in the mood to hear " I told you so"
nka = now known as
aka = also known as
Biltmore IS THE SAME as AbsoluteSKY
What Absolutesky Solutions Inc., is ???
No. It is the fault of the company, and their clear responsibility, for having CHOSEN to KNOWINGLY posture the company to use a bankrupt company shell as a public trading vehicle... knowing the bankruptcy wasn't ever resolved.
Typically, in my experience, when you see "throwaway" shells with known flaws being recycled that way... it is a function of a management having purposefully CHOSEN to use a known, flawed shell... knowing that whenever they want to, they can use the flaws inherent in the shell to pull the plug on the trading vehicle, screwing investors, with the full cooperation of the SEC.
That basically has the SEC, also knowingly, positioned as more or less fully and knowingly cooperating in the execution of stock frauds... by allowing the execution of pre-positioned "outs" that "eliminate problems from the market" by removing the flaws from trading... only without first requiring any resolution on the element of the proper allocation of values relative to the share proxies... so that a fully proper allocation of ownership in the company is sustained... without the problems in the trading vehicle being used as an excuse to alter allocation of ownership.
In the current instance, the SEC reached some sort of a secret deal with the company, that had the SEC basically just go along with whatever it was that the company proposed...
What that deal SHOULD be... for the SEC to be coming anywhere close to meeting its obligations to protect shareholders and the public, as it negotiates on our behalf (given the public interest is in the proper protection of shareholders interests)... is a requirement that ABSY act in timely fashion to obtain a new, legitimate, shell, and re-allocate shares in the new trading vehicle in proportion to the ownership positions that existed in the prior, flawed, vehicle... without penalizing the shareholders, rather than the agency responsible for the creation and introduction of the problem... which has wrongly been imposed on the shareholders.
That doesn't require that they remain listed, or continue trading, etc., but it would require that the values that belonged to shareholders in a publicly traded company should not be allowed to simply evaporate... in an SEC acquiescence to the fraud inherent in the use of the problematic ABSY shell. That the trading vehicle had a flaw that requires its retirement... shouldn't obviate the requirement that the company sustain and properly account for the proper allocation of value among the owners of the company... only because the SEC agreed to some deal we haven't been informed about... while the SEC also agreed to allow the company to not tell us anything about the deal they were making as they made it ?
FWIW... there are, IMO, a couple of clear and obvious instances of problems and conflicts that result from the SEC's actions here... that have them fairly clearly working against the public purposes that justify their existence...
ABSY is a new instance... an example... not a limiting case.
Similar instance here as that I've followed in the case of KGLJ... where the shell used as a trading vehicle was wholly fraudulent... based on a permanently de-registered issue, which required that the CIK being used was fraudulently obtained...
By enabling the retirement of a problematic trading vehicle without also requiring the proper effort in accounting for shareholders control and ownership of the company and its assets, the SEC is facilitating the execution of stock scams... by posturing the expected response in cease trading orders, which merely has the SEC performing the execution step in the completion of a scam FOR those who are conducting the fraud.
Start off using a known flawed shell as you set out to conduct a stock fraud... and you can count on the SEC to complete the fraud for you, and let you off the hook...
The lack of disclosure... BY THE SEC... means we don't know much about what the problems here are...
The lack of disclosure... BY THE SEC... means we also don't know anything at all about the deal the SEC made FOR US...
The SEC posted news re their complain in filings against, but the news items about the company and its disputes with the SEC weren't reported to investors through Edgar. The SEC allowed the company to file a form 15 and cease reporting... even WITHOUT first requiring the company to inform the investors about the ongoing action in regard to the SEC complaint... and the SEC's negotiation of a deal with the company, after termination of the reporting requirements ?
It is a problem in the SEC that they can take an administrative action, an action as they have here, that harms investors by removing shares from trading... without even reporting any part of that process or action to investors through Edgar.
It is a problem in the SEC that they can take an action as they have here... without giving investors (who they pretend to protect) any benefit of awareness of, much less participation in the process... even by denying investors awareness of the actions being taken, as here, by allowing the company to cease reporting, AS and BEFORE the process taking place has delivered a result. That is true, here, even if the problem int the lack of disclosure by the SEC, as in this instance, is a function of their failure by omission...
They have Edgar as a public interface to report company specific information to the public. There is no viable excuse I see that would justify them in avoiding the use of that system in reporting the results of agency administrative processes to investors on a company by company basis.
It is a separate issue that the methods applied by the SEC in "removing problems" from the markets... postures the SEC as an obvious participant in structuring and enabling stock frauds.
Thanks for all your work. Each one says Biltmore vacation resorts (NKA) not known as Absolutesky. I am losing a lot of money on this but it seems to me that this may be Biltmore's fault like the company said?
SEC Administrative Proceeding
Will be interesting to see what "a problem with the former shell" means...
For now, it looks like nothing more than it looks like a management orchestrated take down...
Doesn't even show up on pinksheets with a search for grey market listings...
So, they had to have even gone out of their way to have pulled the plug on the MMs ???
Looks like what it says is that they'd rather flip you the bird than answer any questions honestly.
Looks like they pirated the value, likely made some deal with SPLS that works for them and not you... and just "forgot" to tell you about it... while still making the occasional noises like the business was still on track ???
Note the timing relative to my prior post...
Whew.. we are not toast. Company says its a problem with the former company shell and are working to correct it.
I think we are toast. Stock not trading
I think you need to read between the lines, carefully, in the last meaningful PR / article that came out... seems to me that was back in October... which year ???
What did that have them saying ? ABSY... nothing... but...
There was a quote from the SPLS people to the effect that they'd determined it was going to be more cost effective for them to take the development/deployment effort "IN HOUSE"...
There are posts here saying the company has responded to some investor comms, since then, still saying things are on track ???
They've not ever responded to any of my requests for information in that time...
I think there is a need to know more about what it actually means that SPLS took the effort "in house"...
It could easily explain why there is no longer any obvious activity at the ABSY offices... and it easily could mean that they took the "value" as well as "the effort" from ABSY, to have that be moved "in house" at SPLS, too...
I think they do have an obvious need to explain what the situation vis a vis the SPLS effort is... and to explain to the investors here what the nature of "the deal" was, that seems it was done, that moved the effort "in house" at SPLS...
Otherwise, this is already trading at "shell stock" prices anyway... assuming you do know what the actual number in the outstanding is, so I don't know how big a deal it would be to have them prove there isn't any value left here, when it is already priced as if there is no value left here...
I don't expect hearing "sales are taking longer than expected to materialize" will matter, now... when the questions to ask now are about what ABSY still actually owns...
Went to ABSY offices this week after reading above. No one answered door. Could not see any activity inside.
Asked man in lobby how to reach someone, he said no one there from company ever seems to come in. Said other people asking him same question.
He assumed they were out of business.
I could be wrong. Take it for what it is worth.
Received the following reply to a few questions I email PR the other day
Thanks for your enquiry.
We are still located at this address (group of 7 for the moment). No revenue first part of this year.
There have been some positive management changes at Staples Canada - there should be a meeting next month.
Behind the scene "progress" as well.
All of our active sales leads will take a bit more time to "conclude".
Financial backing for the roll-out contract is in place (we have a term sheet for that). Everyone wants to finance an order !!
In any event, will do our best to keep the market informed.
I live an work in Montreal.
I will go an see if someone still working there as soon as I can.
So you also stopped by? did you go in? See people?
Easy to leave lights on, answer email from starbucks or forward your phone calls to a cell.
Anyone else live in the Montreal area who could "stop by"?
Guess you should also email and receive "inside" information directly. Lights are on and someone seems to be home !
You think PaulJohn is making it up?
He seems pretty balanced, while you on the other hand seem to know a lot of "inside info" from "friends"
Do not believe this is accurate. They are very much there. Phone and email get responses. Things seem to dragging somewhat with customers. Send email to info or investor relations - they will reply on a timely basis as always. (Today they advised by email that they are there during normal bus hours).