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Sorry to hear about your loss. I warned the MOD that this would happen...some unsuspecting person would wander on to the board and lose their hard earned cash. I posted, as did Hanibal, Collegrad and a few others that the commons were toast. However, such information should have been stickied to prevent situations such as yours.
because u dont do ur job! u lured people in to save ur OWN ASS!
Wow, this is hard to believe, there were only three plus 2 posters on this board for months, everything was posted and discussed. The sticky link above is to all court docs. Congratz to those that played this long and especially to those that can read..
yes I agree, but unless anyone day traded JAVOQ and did NOT hold it overnight...then thats the name of the game..it was merely a MOMO play with NO DD, NO news, and NO Fundamentals!!!!!
purely a day trade, DONT get stuck with the HOT potato
DONT get caught holdin when the music stops!
I will say it again, there are way too many other plays with less risk, and the same of even greater reward to be risking your money on a "Q" without finding out if the commons are SAFE 1st
perfect example=
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63118498
Steve
Interesting, you can always play a Q even when shares are cancelled and make money. I have! I am just as surprised as you as to the reaction over the weekend about the share cancellation. It was old news on Friday ! Another illustration of not doing one's own DD. I feel bad for some folks on this board, but still! MD
It was posted several of times (please see my post warning people on Friday afternoon about what was going to happen), but as usual everyone doesn't listen. However, regardless of if others post this kind of information or not, it is up to you to research for yourself. Never rely on others to do this for you as it will inevitably lead to disater.
I read and understood the 8K before trading this and still made good money on it. The point of trading is to make money and regardless of the situation, if there is an opportunity to make money on something, then I roll the dice. I noticed that someone was buying this Thurs and Fri, probably to cover their short positions before the canellation. If you watched the L2, the MM's were bidding up the price on sells. This is why I played it, but I made sure it was a quick in and out as I knew the cancellation was looming.
Everyone will lose sometimes, but whats important is to learn from each play to see what you did right or wrong. Over time, these lessons will make you a better trader. I am now 12 years into trading and am still learning.
I think it would only take about a decade.
I bought this with a couple other people on the day it went bk, flipped it a couple times, sold most of it, and held some,almost forgot about it, a couple days ago it went up huge, and I sold the rest, If you consider yourselves traders, you would never consider blaming a mod on a message board for your loss, man up, look yourself in the mirror and see the one who is responsible. Grow up, study, sharpen your skills and start making money instead of losing it.
buy AAPL hold for 100 years, u will get yours 15 baggers =)
What a load of crap. Where were all you guys before this took off and more importantly why did it take off? Any clues? Any guesses?
You guys all show up after the fact when this board was as a dead as a door knob, nobody cared or paid any attention to it. The shares were due to be cancelled from the inception, long before the 8K ...
You want to go vent at somebody, go hit all the pumpers running loose when this made a move.
Anyone know a good 15 bagger to buy? Lol
I wonder why TDAmeritrade forces traders to call one of its brokers to buy stocks like HCEI but allow online purchase of a stock like JAVOQ online. It baffles me how they decide what stocks they decide require physically calling in. Should have definitely been a requirement for JAVOQ.
Nope, this won't be trading again. Sorry for your loss.
Blame the scumbag mod here and his lackeys for not posting truthful information. When I posted about share cancelation, the posts were deleted.
The future of this stock was known on April 28th, and the mod refused to sticky the 8K. Sub human to the nth degree.
So sorry GYM, I have been where you are now...never in a "Q"
but I got burned on a stock that helped drive me into BK myself, BUT now its the best lesson I have had...because now I rarely get burned,anymore= because I have become a DD nut...
I search,I ask, I call, I ask more, I call more, I search more=DDD
Due Diligence makes, and is the Difference
There were so many great COFFEE plays running WILD
http://investorshub.advfn.com/boards/getboards.aspx?searchstr=coffee
its not worth risking everything on a "Q" bankruptcy stock
that the common shares could, and in most cases are wiped out!!
God Will Avenge
may not be in this life...
BUT rest assured He Will
Steve
I bought 15k worth of this stock on thursday. I also posted on other boards to buy it because the coffee penny stocks were running hard. I even convinced my youngest daughter to buy it.
Anyone that knew the commons would be canceled after the close on Friday and didn't post it with details, will have to answer to god some day.
Any chance the stock will continue trading? Any chance of suing to get my money back?
Gtm
They are trying to save theirs own ass! Dirty play
I cant believe my eyes (((NOBODY))) read the filings.... NOBODY read the 8-k filed on April 28th 2011 with the SEC
Dang this is exactly what I mean!!!!
The date on the 8-k filing was 4-28= somebody aint RIGHT!!
Somebody is DIRTY here= SOMEBODY KNEW
now who was it======> thats what investors here should be asking!
SEC Filings
8-K
JAVO BEVERAGE CO INC filed this Form 8-K on 04/28/11
Cancellation shares document
http://phx.corporate-ir.net/phoenix.zhtml?c=83705&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEwMTk2ODctMTEtMDAxMzYxL3htbC9zdWJkb2N1bWVudC8yL3BhZ2UvMTk%3d
http://www.sec.gov/Archives/edgar/data/1092302/000101968711001361/javo_8k-042811.htm
ITEM 8.01 Other Events
As previously reported in a current report on Form 8-K filed on March 16, 2011, on March 15, 2011, Javo Beverage Company (the “Company”) filed an amended plan of reorganization (the “Amended Plan”) with the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”).
On April 28, 2011, the Bankruptcy Court for the District of Delaware entered an order confirming the Amended Plan under appropriate sections of the Bankruptcy Code. The effective date of the Amended Plan is anticipated to be on or about May 13, 2011 (the “Effective Date”). In accordance with the Amended Plan, no value or distributions will be provided to the Company’s existing holders of preferred stock, common stock, warrants or any other form of equity interests, or claims arising from or related to the foregoing equity interests, on account of such interests. On the Effective Date, without any further action, all common stock, preferred stock, warrants, and any other form of equity interest will be automatically cancelled and extinguished. Also on the Effective Date, the reorganized company will be a “private” company and will not be subject to the reporting requirements of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.
A copy of the Confirmation Order is filed herewith as Exhibit 2.1. Further details may be accessed at the Company’s restructuring website, www.kccllc.net/JavoBevCo. No portion of this website is incorporated herein.
These "Q" are like playing "Russian Rulette"
Unless you do proper >>~~~~~~~~~~~~>DD<~~~~~~~~~~~<<
More serious DD is honestly needed with them, to protect shareholders...this is just another DISATER!!
People can almost accept when they buy a stock, and it goes down 20-30% 40-50% 60-70% BUT DANG!! to loose 100% just aint right!
I feel sorry for the ones that got caught when the mussic stopped
and ALL their money gets eaten up!
but that doesnt do much when people lost alot of $$$$ here!
(((( MOST IMPORTANT THING TO FIND OUT IN BK"Q" STOCKS IS= ARE THE COMMON SHAREHOLDERS SAFE))))
THERE ARE SOME GOOD BK BOARDS ON IHUB... PEOPLE NEED TO DO MORE REAL DD, AND LEARN FROM THEIR MISTAKES... THIS HAS BEEN HAPPENING WAY TOO MUCH AS OF LATELY!!
http://investorshub.advfn.com/boards/getboards.aspx?searchstr=BANKRUPTCY
Please Stick THIS!!!!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=63113119
Cancellation shares document
http://phx.corporate-ir.net/phoenix.zhtml?c=83705&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEwMTk2ODctMTEtMDAxMzYxL3htbC9zdWJkb2N1bWVudC8yL3BhZ2UvMTk%3d
These "Q" are like playing "Russian Rulette"
Unless you do proper >>~~~~~~~~~~~~>DD<~~~~~~~~~~~<<
More serious DD is honestly needed with them, to protect shareholders...this is just another DISATER!!
People can almost accept when they buy a stock, and it goes down 20-30% 40-50% 60-70% BUT DANG!! to loose 100% just aint right!
I feel sorry for the ones that got caught when the mussic stopped
and ALL their money gets eaten up!
but that doesnt do much when people lost alot of $$$$ here!
(((( MOST IMPORTANT THING TO FIND OUT IN BK"Q" STOCKS IS= ARE THE COMMON SHAREHOLDERS SAFE))))
THERE ARE SOME GOOD BK BOARDS ON IHUB... PEOPLE NEED TO DO MORE REAL DD, AND LEARN FROM THEIR MISTAKES... THIS HAS BEEN HAPPENING WAY TOO MUCH AS OF LATELY!!
http://investorshub.advfn.com/boards/getboards.aspx?searchstr=BANKRUPTCY
I will admit, I made good money here. I somehow got filled on the bid at .0035 on Thurs, and was able to sell at .0057 early Friday. But I never advocated it to other traders as I knew the full situation and have been around the block a few times in these types of plays. My most recent lesson was in EOPIQ where I lost $1K when it got cancelled over the weekend (like this one). Since then, I have more than gained that back. It shows that you can take a bad situation and turn it into good for yourself if you are willing to discipline yourself.
I knew this would happen over the weekend, just like EOPIQ did. It ran the same way just before it got cancelled. Hope you all listened to me on Friday and got out ahead of time. If not, learn your lesson, keep your head up and move on to the next. Lots of other runners out there to get your money back in a hurry....good luck.
ur shares will be worthless!
this should be sticky IMO, not bashing but they need to know what will happen in the future
Cancellation shares document
http://phx.corporate-ir.net/phoenix.zhtml?c=83705&p=irol-SECText&TEXT=aHR0cDovL2lyLmludC53ZXN0bGF3YnVzaW5lc3MuY29tL2RvY3VtZW50L3YxLzAwMDEwMTk2ODctMTEtMDAxMzYxL3htbC9zdWJkb2N1bWVudC8yL3BhZ2UvMTk%3d
FYI: I just received from Ameritrade an official notice that a/o April 28 all common and preferred shares in Javo Beverage Company "will be automatically canceled and extinguished."
Mike
Agree. Low float mover just starting.
Never played this, but thanks for the advice ;)
It's not reasonable for you to expect everyone else to keep you from making mistakes and losing money. It always cracks me up when one of these goes down and the "crusader for the newbies" comes in and starts up with same tired rant. Let it go, learn from the error, and put your energy toward making money. Cheers!
It looks like you want someone to come along and hold your hand for you? Maybe you need to give your money to a broker to handle for you.
To correct your eronoues assumption.
Mhhhm. Keep telling yourself that.
Why mention it if it's not my business?
Of course you made money. You knew what you were doing. It's just a shame the mod and his lackeys (you) aren't too keen on stickying the truth.
By the way, I played this one pretty well and got out before the day ended yesterday. Not that its any of your business.
No need to read it. It's outdated
The last 8K is all one needed, so stop with the BS
But I made money elsewhere, so I couldn't care less ;)
As I expected, you didn't even bother to read any of it.
Go save some one else. Nobody was paying any attention to this unti it ran. You get an F for being tardy.
The filings and docs in the current sticky posts are OUTDATED.
The future of JAVOQ was crystal clear since the April 28th 8K, which was not sticked.
Nice try. You played this one badly. You get an A for effort though.
I'll play ...
Did you happen to read any of the filings in the sticky before it took off this week?
By the way, did it occur to you that this stock took off on it's own volition for seemingly no reason at all? Then it started getting attention and mentions all over the place. Now, go back a couple of weeks and take note of the three of us as that was about all that had any interest in this thing whatsoever.
What you don't realize or care to take notice of was there was a great deal of confusion in the fillings as to how this was all going to be resolved. I am not about to do it for you, but the legalese was very confusing as it made it look like there was going to be a share exchange ... It's in the posts if you care to go find it.
The few of us in this thing did our own research and leg work to try and grapple with the possibilities and despite your lateness to the party, after the fact, to come in here chastising how this got handled knowing nothing about it is a bit disingenuous. These BK plays are probably more risky than most down here and get handled in a variety of fashions, go look at some of the other boards that are dedicated to them and get educated before you start mouthing off.
You want a project that backs up how these things can continue to trade well after the fact? Do a search on Asyst Technologies, Inc. here and indulgence yourself into it. Not only were the commons supposed to have been cancelled years ago there is plenty of ... how can I put this? Fodder for lets call it exaggerated speculation.
Come on you can do better than that
4/10
Peeps that are stuck try out "NVAE" it has all the reason in the world to explode, great opportunity to get your cash back......imo! Remember do your own DD, I definately will now!
Sorry to those who never got out, I was informed that they would keep trading like any other BK stock.....Fu** Me!
Wow how shi*ty is that I now have a few bags in my portfolio.....oh well you win some you lose some.....
Yup. Mhhhm. Tell that to the people who now hold your shares. Will they be able to sell them, and thereby get back *some* of their money? NOPE.
One would think that the last 8K, which contained information about the commons being canceled and ticker deleted on May 13, was important enough to at least be sticked. One would think that as a mod of this board you would have acted like any decent person would and stickied it. But did you? NOPE. You outright denied that such a thing was about to take place, just so some of the others would get the impression that everything was fine and dandy and buy your shares.
And then when you sold your shares on Thursday, you announced that you *might* get back in tomorrow? Gimme a break. The only people who made money here are the ones who knew exactly what they were doing. You knew exactly what you were doing. Newbies didn't, and that's why some of them are now stuck holding YOUR bags.
I'm not saying people should take the information found on these iHub boards as the bible and absolute information, but you know damn well how the penny market works. You know that there are thousands of people who join the market every day, people who are gullible and inexperienced and therefore don't know what they are doing. Not everyone has to learn the hard way. That's just BS. A sticky post would have steered at least a few people away from buying this POS. Those people now lost their money and will never get it back.
I probably spent too much time and effort writing this, but whatever. Basically what it comes down to is that you're a POS.
Adios.
Are you kidding, I was out of this a few days ago on day one of the run and publicly announced same..you should have played and you should direct your energy towards making money.
Store them warm and dry... and take a picture of that...
Shorties made easy money here...
JAVOQ on the daily list for deletion, just like I said it would be.
I love how you deleted my truthful post about this so people who come here would think all is fine. Good job creating bagholders ;)
thanks for your "advice."
1st: never owned JAVOQ
2nd: LOL
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