GBIX - Globix Corporation (fka GBIXQ)

[Briboy]

I am doing my taxes right now and this stock

killed me, got sucked in to it and thrown out to the wolves.

Learned a valuable lesson,

briboy

[lucky, mydog]

do you guys realize that the board moderator was booted from ihub years ago for being a pumping spammer? iow, you need mods.

[SHEEPWOLF]

lol...let's get the nuts $$$

[Twotoetimmy]

Where in penny land are they not in control? As the saying goes, I'm just a squirrel

[SHEEPWOLF]

MMs are in control here

[Twotoetimmy]

Looks like it's running a bit. This went down to $0.0005 on 5000 unit sell and is going up on 60000 to 25000 buys. Looks like they marched it down for a run at EOD

[KLAK]

Maybe, but I dont see much of a runup as it is Friday eow. I look for this to move up on Monday and into next week, imo

[SHEEPWOLF]

Yeah I smell an EOD run...we'll see. JMHO

[Twotoetimmy]

Looks like someone wants to walk this down. Sell orders going in for $25 worth of stock..... a little suspect. May be interesting to watch.

[KLAK]

GBIXQ now .006x.007

[SHEEPWOLF]

GBIXQ moving back up strong now

[KLAK]

Yes it is, ha ha .006x.007 now

[SHEEPWOLF]

BOUNCING NOW!!

[SHEEPWOLF]

Usually when they drop on low volume they also run back up on low volume, I'm looking for a BOUNCE

[SHEEPWOLF]

GBIXQ.....had to do a CORRECTION: .008

[KLAK]

Oh, .008 not .0008, gotcha ya

[KLAK]

What stock are u talking about?

[SHEEPWOLF]

The MMs are loaded with .008 shares; I think it goes back to that area before the close if not a little higher. May add some more here.

[SHEEPWOLF]

Could see a bounce here worth a little cash

[KLAK]

mm's dropping the bid on low volume sells, may be time to add a few

[Fedex11 ©]

Yeah i will keep on radar glta

[sippinpurp]

What number did you call? Who should I ask for?

[SHEEPWOLF]

could be the goose that laid the golden egg..MMs not letting it sink. Any buying pressure will push it through the stratoshpere. GL

[mmm99999]

Exactly.. I think we can see .21

[Fedex11 ©]

bye bye pos lol glta

[Stock Lobster]

Thank you for the phone call.

[lasernat]

Just got off the phone with the lawyer from Neon and he said this stuff is worthless. It has been cancelled and CAN NOT BE traded in. He said that it had to be traded by Sept 21 2006. He said he does not know why it is still trading however it has no value and never will. But to those that made something of it good deal.

[Stock Lobster]

I'm holding, fwiw.

From what I read, SSP confirmed what I had written earlier:

http://www.investorshub.com/boards/read_msg.asp?message_id=18742845

I'll repeat my thinking on this one, feel free to disagree:

NGI is a new stock. The chart's been looking better and better, as I posted earlier to Rooterjack. It looks as if it could break $5.00 soon.

Neon Communications is a reorganization of Globix, which the was the Bell Technology Group.

http://en.wikipedia.org/wiki/Globix

I don't think this is a fly by night company, and if that .0039/1 exchange is still valid, this is a clear profit. I don't see what the problem is.

Of course, the exchange needs to be verified!

[Fedex11 ©]

i THINK THIS IS THE NEXT dextq

[SHEEPWOLF]

MMs loading up at .008, BID not budging

[Stock Lobster]

I would call the company and verify, just my 2 cents.

[Fedex11 ©]

Is it known when this will happen? TIA

[Fedex11 ©]

Thanks SL

[Stock Lobster]

The multiplier, that I understood anyway, was .0039, per the company's FAQ page.

Follow the link, tho, and verify for yourselves.

[Stock Lobster]

GBIXQ Posted by: SSP
In reply to: Jim Bishop who wrote msg# 125006 Date:4/13/2007 10:31:11 AM
Post #of 125031

GBIXQ - So I think .0034 is the multiple of shares you get, 100K buy GBIXQ = 340 NGI,

100K GBIXQ at .01 = 1000
340 NGI at 4.64 = $1,577

I wouldn't get any over a penny.

[Fedex11 ©]

So is my 30k shares worth anything lol

[EricVan]

This could help in timing your exits..imo
http://www.investorshub.com/boards/read_msg.asp?message_id=18740566

[SHEEPWOLF]

Up and down and now sitting +296% for the day after a 1100% run up yesterday...gotta love it$$$

[Briboy]

And wala!!! pps goes down

fine

briboy

[rooterjack]

This is awesome stock lobster

[Briboy]

Don't like to chase stocks

but did get a small position

at .0012, see where it goes

now.

briboy

[lasernat]

because of the illusion that it was worth something, lol

[chaseitup1]

why is this going up? anyone?

[m_stone_14]

here comes the dump.

[lasernat]

Shares of pre-bankruptcy stock traded from time to time in the "pink sheets" following our bankruptcy. Transfers before September 21, 2006 will be honored.


lol

[Stock Lobster]

Never said it was but even so, it was running yesterday before rooter or I even saw it. This was the only reason we could imagine why:


GBIXQ is still a bankruptcy stock, hence the 'q', and has since been replaced by the post reorganization ticker symbol NGI, which trades on the AMEX.

However, this is where the situation could possibly get interesting:

From what I can tell (to be confirmed by a phone call tomorrow) it would seem that if you owned 100K shares of GBIXQ, per that company FAQ, you would still have the 'right to receive' 390 shares of the current stock (using the .0039 multiplier they specified) which at today's PPS for current NEON common stock (NGI, $4.77) would be = $1860.00,

If true, and if this provision is still being honored, not bad for a $250 purchase, and might explain why the stock was being accumulated today. The "q" shares were cancelled, but still have a degree of value.

Of course, providing that this is indeed what rooterjack discovered, and if this read of the Globix/NEON FAQ is correct:

http://www.irconnect.com/gbxx/pages/faq.html

All of these shares were cancelled as of the April 25, 2002 effective date of our bankruptcy and were converted into the right to receive 0.003928611 shares of the common stock that is currently traded for each share of pre-bankruptcy stock. In accordance with our plan of reorganization, no shares of fractional stock will be issued and no cash will be paid for fractional shares. Stock certificates representing the pre-bankruptcy shares bear the CUSIP number 37957F10 1.

Holders of the pre-bankruptcy stock may obtain a letter of transmittal to use for the exchange of the pre-bankruptcy stock by writing to Mellon Investor Services LLC, Attn. Reorganization Dept., P. O. Box 3447, South Hackensack, NJ 07606 or by phoning the Mellon Investor Services Reorganization Dept. at 1-800-777-3674 (if you are calling from within the U.S., Canada or Puerto Rico) or 1-201-680-6579 (from outside the U.S.).

Shares of pre-bankruptcy stock traded from time to time in the "pink sheets" following our bankruptcy. Transfers before September 21, 2006 will be honored.

[Stock Lobster]

:>)!

[power_forward]

STOCK LOBSTER I OWE YOU A STEAK DINNER WEEEEEEEEEEEEEEEEEEEEEEEEEE

[fastlizzy]

I bet shares are cancelling today...check it out!

[Stock Lobster]

GBIXQ +438.46%. Weeeeeeeeeeeeeeee!!!!