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Nobody is going to buy this shell. Too many issues, too much debt, and too many outstanding shares. Anyone who wants to take a company public can do so much easier with a clean shell, and there are plenty out there.
unless somebody buys the shell and convinces the SEC they will do a better job... never.
when will it start to trade normally....??
This is typical Grey Market trading.
how is this still trading with no bid / ask or mms?
Yeap it's going up. No wait, no it's going down. No it's going to remain the same today. Maybe tomorrow.
Higher today? I think so... but time will tell!
I know of companies that coninue to trade on the greys years so why would FNLH disppear in a month or so??
The SEC doesn't always announce the commencement of a revocation proceeding when it suspends a stock.
It did so in this case.
Janice,
How can YOU be 100% sure when you say the following:
No, it will have its registration revoked.
I know of companies that coninue to trade on the greys years so why would FNLH disppear in a month or so?? Why is it different from other pinks that were halted for the same reason "failure to file" and still haven't file but yet keep trading and I'm not talking about companies trading on the GRAY at .0001.
Can you PLEASE explain why you are 100% certin it will be revoked.
Thanks
We don't have any official word, but quite a few people seem to have been in touch with Petry, and say he didn't do anything at all.
But again, we have no idea what they did or didn't do, right? it's just speculation.
If the company didn't respond to the SEC by Monday, it's a certainty.
And is still speculation at this point, right?
It'll probably be finalized in about a month. No one will know for sure until the SEC announces it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52703631
Wheres this stock headed higher and higher to come?
No, it will have its registration revoked.
Let's see what happens here. So far I went from enough $$ to buy a nice watch to enough to pay for a happy meal at MC'ds to now a steak dinner. What's next, potential bottle of nice Champaign in sight?
Shhhhh! It could be up in the teens by next week. But, do not go and spread that around.
It looks like one guy bought at .00001 and sold at .002. Pretty dang good gains.
So anyone make some serious money with this company today? with the jumps liek that someone had to get some quick cash. Wheres this stock headed higher and higher to come?
Thought peeps would get a kick out of it.
Then take
a look at FNLH. OTC: FNLH - MONSTER breakout with clear skies territory in the works for
this week with a huge awareness campaign stepping in! OTC: FNLH A large awareness campaign is expected to jump in and provide huge exposure
for the company. With only 50M in the float, FNLH is going to fly. Withexpected heavy volume coming in starting this week, FNLH is going to continue
reaching new 52wk highs. The security went very bearish in 2008 into 2009 with the harsh economic
conditions at the time, as most stocks at the time did. Since the company isin the innovative arts sector it was drastically affected as people invest
less and less in the arts as times get tougher and tougher but it is nowclear that the stock has found its support at its bottom for the last month
and is breaking out! Company INFO: Fineline Holdings, Inc. engages in the creation and development of cartoon
characters for licensing and merchandising to corporations. The company sproducts include cartoons and cartoon groups. It also maintains an e-commerce
Internet signature store that sells FineLine branded apparel andproducts, including designer shirts, women Jersey tops and dresses, and
T-shirts. As of September 30, 2004, the company had 147 trademarked andcopyrighted cartoons. It markets its products in the United States, Canada,
Mexico, Europe, Asia, and South America. The company was formed in 1988 asFineline Properties, Inc. and changed its name to Fineline Properties.Com,
Inc. in 1998. Further, the name was changed to Fineline Holdings, Inc. inJanuary 2005. Fineline Holdings is based in Kent, Ohio. Happy trading,PSL Staff, www.pennystocklive.com Release of Liability: Through use of this website viewing or using you agree
to hold PennyStockLive, its operators owners and employees harmless andto completely release them from any and all liability due to any and all
loss (monetary or otherwise), damage (monetary or otherwise), or injury(monetary or otherwise) that you may incur. The information contained herein
is based on sources which we believe to be reliable but is not guaranteedby us as being accurate and does not purport to be a complete statement
or summary of the available data.Please be advised that PennyStockLive isoften compensated for issuing press release,profiles or opinions concerning
particular companies.its opinion is therefore unbiased and you shouldconsider the factor when evaluating PennyStockLive`s statements regarding
a company .PennyStockLive`s officers and directors reserve the right to buyadditional shares of the company discussed in this opinion and may profit
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Is anyone able to see there shares or is everyone holding for .003 marker or something like it. Whats going on with this company?
i had an etrade accout some years ago, at this time i couldnt sell/buy tripple zeros
and now you understand why we were saying it wasn't even worth selling it for .0001.
They sold my 240000 but at .0001 yesterday $24.00 weeee
I just set a limit order. i am not sure how a market order would work on grays, but the few people i know that did sell at market yesterday got .0001. at that point it's probably not worth selling imo.
MY BAD! You are right I meant last sale.
How do i sell my shares in Etrade? I went to do a market order and nothing has been sold in 2 days..Anybody??
L2? there is no L2. I think you meant last sale.
Zecco Has anyone managed to sell any of their shares through Zecco? I am finding they are not very efficient or helpful. I was told that not a single share was sold today above .001 inspite of the fact my L2 tells a vastly different story.
Some people will make some money of of loss
They will get filled. FNLH will run way up before, well you know.
I know two guys with market orders since yesterdays opening bell and are still waiting for fills....
Shush, and just watch.
I got 60k for sale at .002
You are getting some good fills there.
I'm almost out.
07/28/2010 Sell 4,999.0000 FNLH FINELINE HOLDINGS INC
Details $0.00200 $9.80 *
07/28/2010 Sell 4,999.0000 FNLH FINELINE HOLDINGS INC
Details $0.00200 $9.80 *
07/28/2010 Sell 4,999.0000 FNLH FINELINE HOLDINGS INC
Details $0.00200 $9.80 *
07/28/2010 Sell 100,000.0000 FNLH FINELINE HOLDINGS INC
Details $0.00200 $196.13 *
07/28/2010 Sell 50,000.0000 FNLH FINELINE HOLDINGS INC
Details $0.00200 $98.06
You bought my buddies shares, he said "F" it, turn the page.
well you can have mine for a penny :)
got only 217k...not much money....want more shares
you play the grey market much?
.00001? Five places? I'm still shocked.
What price did you get for your BIHC shares?
That would be double the luck as I had sold about 80% of my holdings the week before the suspension. Shares that I had held for about 2 years. Cut it pretty close.
When BIHC hit the greys, I did that a few times. It made up for all the $ I had lost in the deal.
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Fineline Holdings, Inc.
7356 Westview Dr.
Kent, OH 44240
Phone: 1 -330-283-5635
E-mail: fineline@finelineproperties.com
SEC EDGAR - Fineline.
http://www.sec.gov/cgi-bin/browse-edgar?company=fineline&CIK=&filenum=&State=&SIC=&owner=include&action=getcompany
Frantfurt Listing
www.boerse-frankfurt.de/EN/index.aspx?pageID=35&ISIN=US31787Y1091
http://finance.yahoo.com/q?s=fld.f
Updated share structure As of ~ October 2nd 2009*
O/S = 127,724,080
We have spoken to the CEO and the form 15 has been filed and the CEO is wanting to remove the stop sign from pinksheets. Below is the verified share structure from the Transfer Agent on 7/10/2010.
[b]Authorized = 200,000,000
Outstanding = 175,724,080
Restricted = 46,680,075
Unrestricted = 129,044,005
Float (shares on deposit or "street") = [color=red]74,915,183[/color]
[/b]
As you can see from www.otcmarkets.com, the form 15-12G was filed on July 8th. This is the first filing since 2005.
[img]http://i34.photobucket.com/albums/d130/bmwboyee/FNLH1512G.jpg[/img]
[b][color=red]It is very common for a company to file a 15-12G and then proceed with a reverse merger.[/color][/b]
With the current share structure and also a [b][color=red]$9 million tax loss carry over[/color][/b] that could be used on a reverse merge it is very likely the CEO is considering reverse merging his own private company, Petry Power Systems, Inc. Below are some of the advantages describing the tax loss benefits:
http://www.otctraders.com/benefits.html
[b][color=red]The Benefits of Going In Reverse[/color]
[/b]
Following are some of the primary benefits entrepreneurs and their companies can reap with a reverse merger transaction:
· Imperviousness to market conditions: Conventional IPOs are risky for companies to undertake because the deal depends on market conditions over which senior management has absolutely no control. That is, if the market is off, the underwriter may pull the offering. The market doesn't even need to plunge wholesale. If a company in registration participates in an industry that's making unfavorable headlines, investors may shy away from the deal, causing it to run out of gas on the runway.
· But with a reverse merger, the deal rests on whether the people who control the shell like the private company and desire to be acquired by it. Market conditions have almost no bearing on the situation.
· Compressed Timetable: Regular initial public offerings can drag on for a year or more, from when the idea pops into the chief executive's head until he or she actually gets a check. Unfortunately, when a company transitions from an entrepreneurial venture to a real public company fit for outside ownership, senior management's time is at its most valuable. Time spent in seemingly endless meetings and drafting sessions can have a disastrous effect on the growth upon which the offering is predicated, and even nullify it. In addition, during the many months it takes to put together an IPO, market conditions can deteriorate, closing the "IPO window" on a company.
· By contrast, conditions permitting-which means, among other things, two interested and willing parties-a reverse merger can be completed in 30 days.
· Reduced Expenses: For a real IPO, it can cost as much as $200,000 just to get a preliminary prospectus on the street. To actually bring the deal to the closing table, the costs increase. A reverse merger, however, can be done for $95,000 to $150,000.
· Corporate Income Tax Shelter: [b][color=green]Many shell companies have what is known as a tax-loss carryforward. This means that a loss incurred in previous years can be applied to income in future years. When this occurs, the future income is sheltered from income taxes. Since most active public companies become dormant public companies through a string of losses, or atleast one large one, there's a better than average chance the shell you meet will offer this opportunity.[/color][/b]
· (As discussed in the following pages, however, the shell company's previous history can rub off on you, which turns out to be one of the biggest drawbacks to reverse mergers.)
· More Ways To Raise Money: The primary reason to do a reverse merger is the greater number of financing options that become available to companies once they are public. Some of these include:
1. The issuance of additional shares in a secondary offering
2. Exercise of warrants. Warrants are options that give the holder the right to purchase additional shares in a company at predertermined prices. When many shareholders with warrants -- which a public company can easily issue -- exercise their option to purchase additional shares, the company receives an infusion of capital, as shown in the chart below.
3. Private Offerings. Many, many more investors will step up to the plate for a private offering of shares once they know there is some sort of mechanism in place for them to resell their shares if the company succeeds. Most investors realize that even a successful company may not be able to go public if market conditions are off. But a company that is already public ....that's a different story. If it succeeds, there is a greater likelihood of developing a market for its common stock that accurately represents the company and lets investors sell their shares.
A Good Deal: Even if the market crashes while you're working on your reverse merger, it probably won't kill your deal. For the shell company with a few assets and little or no story to tell, a good merger is good news and worth pursuing, no matter what market conditions are.
Here is some information pertaining to Petry Power Systems own by the same CEO of FNLH:
[b][color=blue]Welcome to Petry Power Systems[/color][/b]
Petry Power Systems is a Research and Development company that has developed three different systems to address the need for "greener" vehicles. The first system is a revolutionary system that will allow electric cars to drive coast to coast and back without ever needing to be recharged. The second system will allow internal combustion engines to reduce fuel consumption by 50%. It is designed for all cars and trucks that are on the road today. The third and newest system will apply the PPS technologies to locomotives and will allow the trains to deliver more freight, and do it more economically, than ever before.
[b]
2.1. Company Ownership[/b]
Petry Power Systems, Inc., will be a Nevada Corp. Robert Petry and Family will retain control of the company.
We realize there will be a need to raise capital for Petry Power Systems. The initial capital will be used for prototypes, legal, physical structures, research and development, office space, marketing, and promotion of the technology to potential partners around the world.
[b]
3. Product[/b]
Three systems are under development; one for electric cars, one for trucks with internal combustion engines and one for freight trains.
System
1. This system is for electric cars of all makes and models by using a design we have created that allows these cars to run without having to be plugged in for charging. It allows them to run indefinitely without charging.
System
2. This system allows internal combustion engines that are presently on the road to reduce fuel consumption by 50%. This hybrid system was created primarily for large trucks worldwide, but can be adapted for cars and smaller trucks.
System
3. This system allows freight trains that are currently in use to be substantially more efficient by providing them with additional power so they can carry additional weight and pull more freight cars.
h2>
[b]4. Competitive Edge[/b]
For development of the product University's like Akron University are very willing to help and provide any support they can.
[b][color=red]It is rumored that Petry Power Systems has been/is using some facilities at Akron University.[/color][/b]
[b]5.7. Milestones[/b]
· Secure initial seed capital
· Develop and test technology on working prototype
· Execute Partnership and or licensing agreements
[b][color=blue]Petry Power Systems - Aftermarket System for Cars and Trucks[/color][/b]
Most companies in the "green" business have forgotten about the large trucks that make up the backbone of our transportation system. These companies have failed to address the issue of what to do with the existing cars and trucks that are on the road today. This PPS system gives the consumer the ability to become "greener" today, and not several years down the road when they replace their vehicles.
Petry Power Systems, Inc. has created an aftermarket system for internal combustion engines (ICE). This system can be added to an existing engine without requiring a new battery system or a major overhaul. The PPS system will assist the ICE, cutting fuel consumption by 50%. This exciting technology is perfect for freight companies looking to lower their fuel costs without needing to replace their current fleet, or the average consumer that wants to make a difference in the fight against global warming.
[b]With the manufacturing of these units, Petry Power Systems will actually be producing CARBON CREDITS. Carbon credit trading has seen more and more increasing volume. Many analyst believe it will be the next "bubble" and hot thing. Petry Power Systems could receive up to $60 million for produced carbon credits. More on Carbon Credit Market:[/b]
[b][color=green]Global carbon credit market set for dramatic growth[/color][/b]
Commodity Online
The rising concerns over global warming and its regulatory efforts seems to have brought significant level of responsiveness as the global market for carbon credit has recorded a compounded annual growth rate (CAGR) of 89% during 2005 to 2009.
The regulatory efforts to mitigate climate change have spawned an emerging carbon market that was valued at $10.9 billion in 2005 and grew at compound annual growth rate (CAGR) of 89% to reach $138.3 billion in 2009.
The global carbon market doubled for two consecutive years from $31.2 billion in 2006 to $63 billion in 2007 and $126.3 billion in 2008 due to the expansion of allowance markets. The European Union (EU) Emission Trading System (ETS) experienced a robust growth during this period.
However, the recession in the global economy contained the impressive growth of the global carbon market. The global carbon market registered a less than 1% increase in value in 2009. The primary reason for such market behavior was the sharp decline in carbon prices, on the back of lower oil and energy prices and a deteriorating economic outlook.
The demand for carbon allowances fell sharply in late 2008 and early 2009 as the recession reduced economic output, resulting in much lower emissions than had been expected. Research analyst firm, GBI Research predicts that the global carbon trading market will experience a dramatic growth after 2012 and reach USD 1.2 trillion by 2020.
The report by the analyst firm, provides an overview of the policy initiatives by the major carbon markets. The report will suggest investment decisions in carbon projects by providing trends and information on global carbon trading policies. The report discusses in detail about key drivers of interest in carbon trading - climate change and the Kyoto Protocol.
The EU’s initiatives to build a broad, globally linked carbon market, the prospective US Federal cap-and-trade program and the strong emergence of other regional market trading mechanisms will drive the carbon market significantly beyond 2012.
The primary market for project-based emission reductions declined considerably in the year 2009 under the weight of the economic downturn. The primary CDM transactions that accounted for the largest share of activity in the primary market, at 84% of volumes and 91% of value transacted, declined in both volume and value terms.
The primary market for project-based emission reductions weakened considerably in the second half of 2008 and 2009. The buyers became more cautious due to persisting uncertainty about the role of and the demand for CDM and JI in the post-2012 climate regime, procedural delays, delivery and issuance challenges, and credit risks amid the worsening economic climate.
Over the past years, the US has instituted a number of regional initiatives with the goals of implementing emissions trading programs. The size of the total allowance market in the US — the combined allowance volumes of the Regional Greenhouse Gas Initiative (RGGI) and the Chicago Climate Exchange – was 805 MtCO2e, valued at $2.5 billion in 2009. The US federal cap-and-trade mechanism has been expected for a long time and the implementation of the scheme will boost the North American and world carbon trading markets.
http://www.commodityonline.com/news/Global-carbon-credit-market-set-for-dramatic-growth-27659-3-1.html
[img]http://i34.photobucket.com/albums/d130/bmwboyee/Chart2010.jpg[/img]
[img]http://i34.photobucket.com/albums/d130/bmwboyee/Chart2009.jpg[/img]
[img]http://i34.photobucket.com/albums/d130/bmwboyee/chart2008.jpg[/img]
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