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ANTXQ: SEC Admin Law Judge Initial Decision to revoke:
http://www.sec.gov/alj/aljdec/2013/id510cff.pdf
ANTXQ SEC Suspension:
http://www.sec.gov/litigation/suspensions/2013/34-70480.pdf
Order:
http://www.sec.gov/litigation/suspensions/2013/34-70480-o.pdf
Admin Proceeding:
http://www.sec.gov/litigation/admin/2013/34-70481.pdf
80K-0.0008 x 20K-0.0011 now.
Why the big sell-off today?
So I see. Thanks
0.001 x 0.0015 now. Up 100% now! Easy to hit the penny land based on
the MV...
Up 40% so far! 100K-0.0007 x 10K-0.001 now.
300K-0.0005 x 150K-0.0007 now.
ANTXQ will explode to 0.0035 very soon like besnq did this morning!
Up 66.67% today! Easy 4-bagger from here! Extremely oversold now...
Who dumped 335,517 shares at 0.0003 so far! Why?
Up 150% so far! Bottomed out at 0.0002! 180K-0.0005 x 20K-0.001 now.
95K shares dumped at 0.0005 so far! 210K-0.0005 x 180K-0.0027 now.
8-K filed after the CH7 bankruptcy liquidation filing:
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: August 6, 2012
AcuNetx, Inc.
(Exact name of registrant as specified in its charter)
Nevada 0-27857 88-0249812
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2301 W. 205 th Street, Suite 102
Torrance, CA 90501
(Address of principal executive offices)
The Company's telephone number, including area code:
(310) 328-0477
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
? Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
? Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
? Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
? Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.03 Bankruptcy or Receivership.
Section 8 -- Other Events
Item 8.01 Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)
On August 2, 2012 AcuNetx filed Chapter 7 Bankruptcy.
Company: Acunetx, Inc, Intellinetx, Inc, Visionetx, Inc, Orthonetx, Inc, Eyedynamics, Inc
Case #12-46436
Trustee: Tevis Thompson, Judge: The Honorable Elaine Hammond
Oakland Federal Court 1300 Clay St. Oakland, Ca
On May 21, 2012, AcuNetx and Chapin Hunt Jr, CEO, were served a lawsuit filed by MedTrak VNG, owned and operated by Scott Auerbach
On April 5, 2012 S&S Health, also owned by Scott Auerbach filed a lawsuit against AcuNetx for alleged failure to repay a 2008 loan of $150,000 .
On March 14, 2012, Randy Robinson filed a lawsuit against AcuNetx for alleged Breach of Contract in excess of $325,000, a loan made in 2005, against AcuNex and Orthonetx.
On January 6, 2012, Ron Waldorf filed a lawsuit against AcuNetx for alleged failure to pay owed back vacation pay in 2008.
In March 2011, the company computer was stolen from the company office located at 2301 W 205 th St Suite 102, Torrance, California 90501. The computer was not reported to the Torrance Police until October of 2011 upon the insistence of Chapin Hunt Jr.
Prior management had not backed-up the company’s financial statements or bookkeeping and all records were lost and had not reported the stolen property.
From 2009 to September 2011, former management had not filed tax returns, paid the EDD or filed 10Q’s and 10K’s. Corrections were made subsequent.
Since 2009 AcuNetx management had an on going concern regarding the viability of the company as reflected in the SEC filings.
Between November 2011 and May 2012, current management was in the process of working with the EDD, IRS and its San Francisco Accountants to recreate the books and records. The financial well being on the company began to suffer and sales were diminished. The company has been severely impacted by the Plaintiff Medtrak contacting AcuNetx customers, vendors and distributors stating that AcuNetx was going out of business. These calls persisted for 8 months.
Chapin Hunt, AcuNetx CEO hadd contacted and attempted to negotiate an amenable settlement with major creditors but was unsuccessful.
In June 2012, Management agreed to have Steve Moses, prior Chairman of the Board, mediate a settlement between MedTrak VNG and AcuNetx. A reasonable settlement was not reached. During the mediation MedTrak continued to pursue vigorous legal action against the company through a restraining order and injunction in an attempt to prohibit the company from doing any business with its clients. MedTrak continued to call all AcuNetx VNG clients, distributors and vendors telling them that AcuNetx was no longer in business, further harming the company and its business relations.
Prohibitive legal expenses, levied company bank accounts and some plaintiffs attempt to collateralize company patents has placed AcuNetx in a position to dissolve its holdings given its current debt of over $2 million. AcuNetx has filed a Chapter 7.
Management will give the Trustee the written documentation of the mediation and the offers to merge or purchase a portion of the company. There may be an opportunity to convert the Chapter 7 to a Chapter 11.
.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AcuNetx, Inc.,
a Nevada corporation
By: /s/Chapin Hunt Jr
Chapin Hunt Jr, Chief Executive Officer
August 6, 2012
New 52-week low 0.0001 was created today! 0.0003 x 0.0011 now.
Who in their right mind would want to buy 100,000 shares at .001 with a Chapter 7 liquidation filing yesterday? Yikes!
ANTX files Chapter 7 Bankruptcy. Looks like this slot machine took it all!
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8753876
yeah watching it...
Yup, just have to hold and wait
Agree, hopefully the ceo is allowed to do what he said without the recent interferences. This is like a slot machine that can either take it all or pay big!
there was a lot of buying a few weeks ago. imo somebody bought the momo and just wants out because of lack of volume. Im holding to see how this unfolds. I hope the ceo does what he said he was going to do in the news letters on the website. we shall see. thanks.
I notice ANTX is significantly down today with ALL sells at ask with higher than normal volume. Somebody knows something and I hope for your sake it's not all bad. Although a few good buys can change everything on this one. Hmmmm...
humbleboss: I know you follow this one closely and you have some shares as well. I've tried to get shares over the past 10 days and this is one of the first times I've had trouble geting a penny stock at or around bid. So, I don't have any.
When you can't get shares of a penny, it usually means one of three things: 1) shares are scarce and the float or outstanding shares are closely held; 2) the sec has suspended trading, 3)or the bid and ask price are too far apart to make a market. I suspect it is combination of two of these things because the SEC hasn't suspended trading YET.
Now, I must admit the 8K out today is not comforting, especially this statement>> "several shareholders who are also creditors have threatened to put the company into involuntary bankruptcy."These employees could be the ones who have attempted insider trading and it is presumptous that the CEO would think that a stock where there was about $500 in trades is a victim of insider stock trading. This presumes the employee shareholders "know something" where they will benefit from insider trading. They could be trying to "dump" their shares because of pending bad news but there were only 20,000 shares sold at .01 today (out of some 67 million outstanding)
The other thing in the 8K that bothers me is the statement: "On January 23, 2012, the Board of Directors distributed the remaining 27 million shares of stock to AcuNetx employees for the collective back compensation of over $35,000.00." What this statement doesn't tell you is how many employess received the 27 million shares AND at what price? If you do the math, $35,000 equals about .001 per share if 27 million where distributed which is equal to the par value according to the latest 10-Q. Supposedly these are resticted.
Now, the latest 10-Q is as of June 30, 2010 which by the way shows financials that are unaudited. It is reasonable to assume the stolen computer and data with no back-up is the reason for the lack of subsequent filings.
Finally, this statement in the latest 8-K is interesting as well: "Management is taking necessary steps to avert this action (sic., Involuntary bankruptcy.") WHAT STEPS? Did the alleged stolen computer and unauthorized charges of over $35,000 essentially make this company insolvent?
One can only make assumptions about all of this and you know what "assume" can do...
The next few trading days are going to be interesting to say the least. As a shareholder, all you can do is sit and watch because significant selling would perk the eyes of the FBI and SEC. This drama is in the hands of the higher authorities!
DISCLOSURE: I have no shares and I am NOT a shareholder at this time. This post represents my opinion only and I have no knowledge other that what has been made public by the company.
The ceo is sending a message to the former management to back off. He knows 50k in volume isn't nothing to talk about. ANTX has a tiny float to move that much off so little volume
Trade total for today was only $860
2/28 19,361 shares @ .0013 was a $25 trade
@ .01 those shares were only worth $193
Looks like high finance insider trading.
ANTX T&S
15:43:08 0.01 2000 OTO
15:12:10 0.04 5000 OTO
15:11:11 0.04 5000 OTO
15:10:55 0.02 5000 OTO
15:10:48 0.01 18000 OTO
15:10:42 0.01 5400 OTO
15:10:28 0.01 5000 OTO
15:09:56 0.01 5000 OTO
14:14:31 0.01 100 OTO
02/28 0.0013 19361 OTO
02/27 0.007 6000 OTO
02/27 0.007 4361 OTO
02/24 0.007 639 OTO
02/24 0.0013 2000 OTO
02/23 0.007 4290 OTO
02/23 0.007 5000 OTO
02/23 0.0065 50000 OTO
02/23 0.007 12857 OTO
02/22 0.0025 10000 OTO
02/22 0.0025 5000 OTO
02/17 0.007 40000 OTO
02/17 0.006 56700 OTO
02/17 0.006 3283 OTO
02/16 0.004 36001 OTO
02/16 0.005 5000 OTO
02/16 0.005 55000 OTO
02/16 0.005 5000 OTO
02/16 0.004 24000 OTO
02/16 0.0042 5000 OTO
02/16 0.0042 39000 OTO
To all interested in ANTX, there was a management shake up in nov 2011 acording the 8ks filed. It appears that there is a fued between the new CEO and past/or current management also in the recent 8ks. IMO the new ceo is not playing games and is getting the company back on track and that is why i am holding all of my shares. in the recent shareholder letters on the acunetx website there are many great things in the works including updated financials and becoming fully reporting to the SEC. ANTX traded above .30 in the past and i believe it can get back to those levels with the new CEO. Everyone do your own dd.
what did you think of the 8k today
well thats what i got out of the 8ks imo
I know nothing other than what I read-
8k out
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report: January 23, 2012
AcuNetx, Inc.
(Exact name of registrant as specified in its charter)
Nevada
0-27857
88-0249812
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
File Number)
Identification No.)
2301 W. 205 th Street, Suite 102
Torrance, CA 90501
(Address of principal executive offices)
The Company's telephone number, including area code: (310) 328-0477
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
?
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
?
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
?
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
?
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8
--
Other Events
Item 8.01
Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)
On January 23, 2012, the Board of Directors distributed the remaining 27 million shares of stock to AcuNetx employees for the collective back compensation of over $35,000.00.
It has come to the attention of management and the Board of Directors that the company stock has increased over 670% today, March 5, 2012. Unfortunately, this must be reported to the FBI and SEC as it is suspected that there is alleged insider trading.
Chairman of the Board Chapin Hunt has had several shareholders who are also creditors have threatened to put the company into involuntary bankruptcy. In the best interest of the shareholders, Management is taking necessary steps to avert this action.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
AcuNetx, Inc.,
a Nevada corporation
By: /s/Chapin Hunt Jr
Chapin Hunt Jr, Chief Executive Officer
March 5, 2012
so you dont think the new ceo doesnt appear to be cleaning things up?
All those 8-K's together read like a soap opera. A poorly written, bad grammar soap opera
I see, thanks for the response. according to the recent 8ks the new ceo is having trouble with former management and he is in the process of cleaning things up. There must be great news ahead if he believes the stock is up that much because of insider trading. I dont believe there is insider trading there was only 800$ of vol. Thats my take on this. i have been following this since the first 8k in nov.
Well the company might be in trouble with SEC. Read it
I'm trying to figure out whats going as because I own shares
What's your take=
Today's yo
Which one?
till .10 haha that would be amazing whats ur avg... mine was .005 but i didnt have many shares
im holding all
in that case i need back in. lol
told you .10+ was coming
what the hell is going on here ha. got out at .01 might need to be replayedd
no clue, ive looked at the trades over the past and they are always very small. im still tring for more below .002 if possible
Ha! ANTX up on a ONE HUNDRED SHARE BUY at .01. Let's see, that's $1 in $ volume! Now, I ask you or anybody else following this, WHY would anyone buy 100 shares of this????
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