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SANB 0.0065 break will send it to 0.01 test today
Low float , a possible big one ... Sports gambling ?
SANB 8k On July 28, 2016, Dan Krusz was appointed as President and Chief Executive Officer, Secretary and Treasurer of our company. On August 8, 2016, Wilfred Shaw resigned as President, Chief Executive Officer, Secretary and Treasurer of our company.
Dan Krusz 47, graduated Norwich University in 1992. Mr. Krusz launched the Original Daily Fantasy Sports site Topgunfantasy.com in 2004. The software has been and is currently used by over 500 websites including sites as ESPN.com and USAToday.com. Mr. Krusz has been involved as a leader in the Marketing Gaming and Fantasy Sports products since 1996.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11530563
SANB Security Details
Share Structure
Market Value1 $256,046 a/o Aug 08, 2016
Authorized Shares 100,000,000 a/o Dec 31, 2011
Outstanding Shares 42,674,381 a/o Mar 25, 2014
You'll notice that the volume has been almost nil since the reverse split announcement . All the posters who were claiming to be "Loading the boat" or "backing up the truck" were likely selling front loaders or worse.
Nice
Why do you think they did the RS?
Well at least I was able to get out with a decent chunk of my money. Surprised it's holding up this well figured I'd have a much harder time getting out of this. If you haven't left already you may wish to consider doing so soon. I doubt the .0115 bid is going to last forever.
Good luck all.
Well, they have announced a Reverse Split......only consolation is that it's not happening until February......and maybe a miracle will occur and they change their mind.....although I'm calling that a 1 in a few thousand chance.
Unbelievable........Current OS is 43M.......plus the 40M Restricted they gave to Shaw..........so when it's done the OS will be like 200,000 shares.....WTF......z
wait no longer...
On January 7, 2015, the Board of Directors of Sanborn Resources LTD. (the "Company") approved a reverse split off all of the Company's issued and outstanding shares of common stock at a ratio of 400: 1. Such reverse split will not result in a change in the Company's authorized number of shares, which is 1,000,000,000 shares. The Company is working to provide the necessary forms to FINRA to effect such reverse split in the market and expects to complete the same by the first week of February 2015.
Might want to check filing today.
REVERSE MERGER Coming,, not a reverse split. Get ur facts straight just waiting on the news new CEO new company !!! SANB
This didn't work out well, RS, nice
Proof? This stock is hands off for me, but I will continue to follow to see what happens.
Hear major PR on new ownership of SANB shell is very close !!! SANB shares are tight !! waiting for news any volume and this goes !! SANB
I doubt the pilot will even start by the end of January.
At least EN is a 25 minute drive from me. Perhaps I'll pay them a visit.
Another fine mess.
BINGO.....Awesome Response!!!..........et z
Wow. Awesome DD on SANB Keech!!!.....Proof that Wilfred Shaw, the New Owner/CEO is TOTALLY Reputable............z
Setting the record straight with Regard to Wilfred Shaw and Financial Content Inc. (Formerly FCON).
While it is true Financial Content Inc. was revoked by the SEC for failure to file reports, due to it's inability to come up with the money to do so, it was never the intent of the company to leave shareholders hanging, as evidenced by the filings that were made.
First and Foremost, one must remember what happened to First Content was the result of the general market crash in 2008. Many Dot Coms went under due to their inability to secure financing and luckily, Wilfred Shaw and his colleagues were able to save the company and take it private via a stock transfer, in hopes to resurrect it. In the interim, they were left with a shell they tried to sell and like many at the time couldn't.
Wilfred Shaw made it very clear that they were trying to sell the Shell, to the SEC and stockholders and was always filing properly to convey that. In their last filing of March 2009
Per:Mar 31, 2009 Notification of inability to timely file Form 10Q or 10QSB: http://www.sec.gov/Archives/edgar/data/1100360/000114036109012715/doc1.htm
Wilfred Shaw is found in facebook and he is in charge of Idea Ventures, Inc. There is only one photo of him with expensive car. I found a link he is still president of that company. You be the judge to decide whether he is a douche bag or a legitmate CEO.
www.sec.gov/Archives/edgar/data/822997/000101968714003995/iplo_8ka-ex0201.htm
"Open to any negative INFO on the new CEO here"
Mr. Shaw, as CEO and CFO, signed and filed FinancialContent's last quarterly report with the SEC in February of 2009.
The company, which had been forced to divest its operations in satisfaction of debts, failed to file after that and was suspended in January of 2013. Its registration was revoked a month later.
According to the company's last 10-K he had been with the company in some capacity since 1996. At the time of that filing he was the company's Chief Executive Officer, Chief Financial Officer, Chairman of our Board of Directors and held 2/3 of its shares which had at that time lost over 90% of their value from their high two years earlier.
You can decide for yourself whether that is negative INFO. Please check here to see if I made any mistakes:
http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001100360&action=getcompany
Looks like one lucky big-shot bought 100% of the shares traded today. LOL
We may well have found the bottom.
$SANB
Just waiting on Wilfred to fill us in on why he bought this company and what he is bringing to the table.
You're right. And theoretically he'll have to hold on for another 5 months.
Doesn't change a word of what I said.
Start Here . Quicksilver Stock Transfer, LLC
Transfer Agent
6623 South Las Vegas Blvd.
Suite 255
Las Vegas, NV 89119
702-629-1883
http://www.qstransfer.com
For this guy to unload 40,000,000 shares (43M O/S) in this basically untraded illiquid stock, you'd need one helluva pump.... just sayin...
Open to any negative INFO on the new CEO here, but I can't find any.
"If you think every CEO is a filthy scum bag"
I didn't say that.
"And you believe the new CEO would tarnish his reputation to make his investment back plus a little?"
I wasn't aware that he had a sparkling reputation to tarnish.
And you believe the new CEO would tarnish his reputation to make his investment back plus a little? If you think every CEO is a filthy scum bag why are you even looking at the OTC market?
I'm not familiar with the finer points of bid vs ask prices, but I do know that the man who bought 40,000,000 shares of this thing less than a month ago paid about one twelfth of the current share price for them.
When he starts to sell them you can bet he'll take a fair amount less than what you're calling a bottom.
No one was willing to sell at the bid which was already 2.5% higher than the share price. This small gap confirms this is the bottom, IMO.
I hold an average of .0205~, may try bid sitting if I get an opportunity.
NEW OWNER !! BEST WAKE THIS SLEEPER UP !! Can't wait for the REVERSE MERGER NEWS !! SANB
34k on Friday and grabbed another 10,300 when somebody dangled that 15 on ask this morning....looks like bottomish...hoping to be giggling instead of shitting...lol
Bought 15000 for chits n gigs too let's see what happens
It's comming!!! No reason for him to sit on this 50k investment. Something is coming sooner than later, IMO.
Expecting a SANB Announcement any day now..........et z
Exactly!!! Awesome post. $SANB
Yes when they decided to save the company, Financial Content (FCON), from completely dissolving, you can tell they looked at every option open to them. What stood out to me was the last line from a filing (Pre14-C) they filed back in May of 2008.
It was a stock transfer agreement. It's on page 5 and 6.
Per: http://www.barchart.com/plmodules/?module=secFilings&filingid=5943459&type=CONVPDF&popup=1&override=1&symbol=FCON
Yes SantaZar, what people need to understand here, is that Wilfred Shaw isn't just some newbie wanting to take a start-up company public. He has been involved with internet technology companies for quite some time, and while he is still young, 44; the experience he has gained with Financial Content as a public company during what has gone down in history as "The Dot Com Bust" of the 2007-2010 period, coupled with the fact that you pointed out, Mr. Shaw tried to get the company listed on the NASDAQ, is proof in point that Mr. Shaw has gained Wisdom!!! Wisdom is failure realized and my bet is that He is about to provide us with some exciting SANB NEWS.....Oh and one more thing...UM The Itsy Bitsy Float. ;) LOL GO SANB
When he does announce.......SANB is gonna move VERY fast.....as thin as she is......won't be much of a chance to get in once she gets going....SO glad I got my Golden Ticket here already..........z
Without a doubt. SANB is the cleanest tightest shell I've seen in years....maybe ever.....Pretty sure he's gonna move something amazing into her........z
Nice.....SANB is pretty low risk with very high potential.....Good to see you OG!.......et z
Bingo!!!..SANB: You hit the nail on the head Keech!!! ....This stock is going to explode very soon........z
You are entitled to your opinion, however, your opinion is not taking this into account:
SANB was just purchased by Wilfred Shaw and went from .007-.008 to .03 when people got wind of it, during the rather slow period of trading that is the Holidays.
Wilfred Shaw purposefully bought an OTCQB Shell; Not a pink.
Why is that important? THE NEW OTCQB REQUIREMENTS MADE EFFECTIVE THIS PAST MAY
Per:http://www.otcmarkets.com/learn/otcqb
Anytime will be the right time, because many eyes on this. Look where SANB went over the slow trading Holidays...Dimes plus is easy with a float this low. Remember, we have Wilfred Shaw at the Helm here:
His background is in growing Technology companies; This Shell is getting Warmed for something special, IMO. SANB soars in 2015!!!
I grabbed some on Friday for chits and giggles.....
It's still early............et z
Expecting a SANB announcement at any time now........et z
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